Money Laundering - proceeds of crime - Freezing of bank accounts ...

Court Stresses Legal Protocols in Freezing Bank Accounts for Money Laundering Cases u/ss 5 and 17(1-A.

March 15, 2023

Case Laws Money Laundering HC

Money Laundering - proceeds of crime - Freezing of bank accounts of petitioner - This Court is of the considered view that though there is power to direct freezing of the account or to issue the communications as has been issued in the present case to the Banks, under Section 5 or/and Section 17, but such power/direction which has the effect of freezing the property/bank account under Section 17 (1-A) is to be exercised as per the law by following the procedure prescribed. - HC

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Money Laundering - proceeds of crime - Freezing of bank accounts ...

Court Stresses Legal Protocols in Freezing Bank Accounts for Money Laundering Cases u/ss 5 and 17(1-A.

March 15, 2023

Case Laws Money Laundering HC

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