Accused Must Prove Asset Legitimacy When Proceeds of Crime Are Suspected Under Money Laundering Investigations

AT dismissed the appeal in money laundering case, holding that where a person possesses assets apparently acquired from proceeds of crime, the burden of proof shifts to the appellant to justify the source of such assets. In cases involving illegal income sources like terrorist funding or drug trafficking, investigation agencies can presume entire assets as proceeds of crime if the individual cannot substantiate legitimate income sources. The tribunal emphasized that non-quantification of exact proceeds does not invalidate the prosecution's case, particularly when unexplained assets suggest criminal origin. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X