Categories: Criminal Law

Amendments to the Prevention of Money Laundering Act, 2002

It is interesting to compare definition of ‘proceeds of crime’ before and after Explanation. ‘Proceeds of crime’ originally included any property derived by any person as a result of criminal activity relating to a scheduled offence. After adding Explanation to it, it has included property not only derived from the scheduled offence but also any property derived as a result of any criminal activity relatable to the scheduled offence.

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