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The Prevention of Money-Laundering Act, 2002

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 confiscation 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.

The Prevention of Money-Laundering Act, 2002 Back

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