Sri Law Associates – Legal Consulting & Practising Firm

The PMLA seeks to combat money laundering in India and has three main objectives:

To prevent and control money laundering
To confiscate and seize the property obtained from the laundered money; and
To deal with any other issue connected with money laundering in India.

Proceeds of Crime

When money or wealth, in any form, generated or derived through illegal means or sources is injected into main stream of finance duly disguising the source of money or wealth as legal by a sequence of malafied process, a case of Money Laundering is made out. In other words, the money or wealth derived through illegal or criminal activity or process in terms of "Scheduled Offence" is termed as "Proceeds of Crime".

Scheduled Offences

The offences listed in the Schedule to the Prevention of Money Laundering Act, 2002 are "Scheduled Offences".

Predicate Offence

Every Scheduled Offence is a Predicate Offence which is a pre requisite for initiating investigation into offence of Money Laundering.

Burden of proof

The burden of proof to prove that the alleged Proceeds of Crime are proceeds out of lawful sources lies with the accused.

Support of Competent Advocate

This is where a genuine person, erroneously looped in to investigation under PMLA and vested with the burden of proof, needs the support of a competent and promising Lawyer to put all facts and figures in proper presentation before the Adjudicating Authority and Appellate Tribunal to prove himself not guilty.

SRI LAW ASSOCIATES supports in the following areas:

To handle litigation under PMLA from the preliminary stage of investigation / ECIR.
To file petition and appear / argue for bail, if necessary.
To legally fight against Provisional Attachment Order before Adjudicating Authority, PMLA, New Delhi.
To handle appeals and remedies under PMLA right from the stage of filing of appeal / representation before Appellate Tribunal, New Delhi, Hight Couts etc., against Provisional Attachment Order, seizure of properties / documents etc.
To handle Scheduled Offence Trial before Special Courts as well as Prosecution Complaints and Trails before Special Court under provisions of PMLA.
To file Petitions and Appeals in Hon’ble High Courts and appearances therein.
To file Special Leave Petition and Appeals in Hon’ble Supreme Court and appearances therein.

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