Section 23
Presumption in inter-connected transactions.
The Prevention of Money-Laundering Act, 2002
About this Act
An Act to prevent money-laundering and to provide for confiscation of property derived from, or involved in, money-laundering and for matters connected therewith or incidental thereto.
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 1[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.
Notes
1. Subs. by s.18, ibid., for certain words and figure (w.e.f. 15-2-2013).