Prevention of Money Laundering Act, 2002 : Definitions. Indian Bare Acts :

Prevention of Money Laundering Act, 2002,2003

Act No : 15

Section : Definitions.

55. Definitions.-In this Chapter, unless the context otherwise requires,- (a) "contracting State" means any country or place outside India in respect of which arrangements have been made by the Central Government with the Government of such country through a treaty or otherwise; (b) "identifying" includes establishment of a proof that the property was derived from, or used in the commission of an offence under section 3; (c) "tracing" means determining the nature, source, disposition, movement, title or ownership of property.