Act Number: 15

Act Name: The Prevention of Money-Laundering Act, 2002

Year: 2003

Enactment Date: 2003-01-17

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Revenue

Section 24: Burden of proof.
    1[24. Burden of proof.--In any proceeding relating to proceeds of crime under this Act,--
         (a) in the case of a person charged with the offence of money-laundering under section 3, the Authority or Court shall, unless the contrary is proved, presume that such proceeds of crime are involved in money-laundering; and
         (b) in the case of any other person the Authority or Court, may presume that such proceeds of crime are involved in money-laundering.]
Notes:
1. Subs. by s.19, ibid., for section 24 (w.e.f. 15-2-2013).
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