Prevention of Money Laundering Act, 2002 : Presumption in inter-connected transactions. Indian Bare

Prevention of Money Laundering Act, 2002,2003

Act No : 15

Section : Presumption in inter-connected transactions.

23. 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 conf scation under section 8, it shall, unless otherwise proved to the satisfaction of the Adjudicating Authority, be presumed that the remaining transactions form part of such inter-connected transactions.