Section 23 - Presumption in inter-connected transactions. - Prevention of Money-Laundering Act, 2002

Presumption in inter-connected transactions. 23. 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 form part of such inter-connected transactions. ---------------------- Notes: 1. Substituted Vide Prevention of Money-laundering (Amendment) Act, 2012, w.e.f. 15-2-2013. Before it was read as: under section 8, it shall, unless otherwise proved to the satisfaction of the Adjudicating Authority