Question

Under the PMLA, the confiscation of property is ordered after which step?

Q: Answer-Under the PMLA, the confiscation of property is ordered after which step?

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.