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Section 22 – The Prevention of Money-Laundering Bill, 1999

The Prevention of Money-Laundering Bill, 1999

 

22. Presumption in inter-connected transactions –

  

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 7, it shall unless other-wise proved to the satisfaction of the Adjudicating Authority be presumed that the remaining transactions form part of such inter-connected transactions.

 

 

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The Prevention of Money-Laundering Bill, 1999

 

Indian Laws – Bare Acts

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