Criminalises money-laundering, empowers provisional attachment and confiscation of proceeds of crime, and imposes strict bail conditions; upheld largely in Vijay Madanlal Choudhary (2022).
Whoever directly or indirectly attempts to indulge, knowingly assists or is a party to, or is actually involved in any process or activity connected with proceeds of crime — concealment, possession, acquisition, use, projecting or claiming as untainted — commits money-laundering.
Rigorous imprisonment of three to seven years and fine; up to ten years where the scheduled offence is under the NDPS Act.
The Director may provisionally attach property for 180 days on reasons recorded in writing, to be confirmed by the Adjudicating Authority under s. 8.
Authorised officers may arrest a person on material in possession and reason to believe recorded in writing; the grounds must be informed to the arrestee (Pankaj Bansal, 2023: in writing).
Twin conditions for bail — the court must be satisfied there are reasonable grounds for believing the accused is not guilty and is not likely to commit an offence while on bail; relaxed for women, minors, the sick and small-amount cases.
The text shown is a working summary used inside Nyaya for grounding and UI preview. For verbatim reproduction, refer to the bare Act published on indiacode.nic.in.