The properties attached cannot be attached under Section 5 of ...

Properties Not Subject to Attachment Under PML Act Section 5 Due to Lack of Crime Proceeds Involvement.

September 5, 2018

Case Laws Money Laundering AT

The properties attached cannot be attached under Section 5 of the PML Act because the properties are not purchased from the alleged proceeds of crime. As per the provisions of Section 5(1) (c) the primary requirement for the attachment is that the proceeds of crime are likely to be concealed, transferred or dealt with in any manner.

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The properties attached cannot be attached under Section 5 of ...

Properties Not Subject to Attachment Under PML Act Section 5 Due to Lack of Crime Proceeds Involvement.

September 5, 2018

Case Laws Money Laundering AT

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