Where money-laundering involves two or more inter-connected transactions and one or more such transactions is or are proved to be involved in money-laundering, then for the purposes of adjudication or confiscation [under section 8 or for the trial of the money-laundering offence, it shall unless otherwise proved to the satisfaction of the Adjudicating Authority or the Special Court], be presumed that the remaining transactions from part of such interconnected transactions.
Section 23: Presumption in inter-connected transactions.
The Prevention of Money-Laundering Act, 2002Central Act · Act 15 of 2003
Where this provision sits
| Act | The Prevention of Money-Laundering Act, 2002 |
|---|---|
| Section | 23 |
| Marginal note | Presumption in inter-connected transactions. |
| Jurisdiction | Central |
| Status | In force as published by the source |
| Judgments citing it | 1 |
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
- substituted. . Subs. by s.18, ibid., for certain words and figure (w.e.f. 15-2-2013).
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