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      Question

      Under the PMLA, the confiscation of property is ordered

      after which step?
      A Immediately on suspicion Correct Answer Incorrect Answer
      B RBI approval Correct Answer Incorrect Answer
      C The filing of an FIR Correct Answer Incorrect Answer
      D Confirmation by the Adjudicating Authority and trial leading to conclusion that property is proceeds of crime Correct Answer Incorrect Answer
      E A police report Correct Answer Incorrect Answer

      Solution

      Under the Prevention of Money Laundering Act, property provisionally attached is subject to confirmation by the Adjudicating Authority, and final confiscation to the Central Government follows where the Special Court, on conclusion of the trial, finds that the offence of money laundering has been committed and that the property is involved in money laundering. The Act also provides for confiscation in certain other situations. Confiscation deprives offenders of the proceeds of crime, a central objective of the Act.

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