Question
Under the PMLA, the Adjudicating Authority must decide
whether the attached property is proceeds of crime after giving what?Solution
Under Section 8 of the Prevention of Money Laundering Act, the Adjudicating Authority, on receipt of a complaint relating to attached property, issues a notice to the person concerned and, after giving an opportunity of being heard, decides whether the property is involved in money laundering. The observance of the principles of natural justice ensures fairness in the adjudication process. The Adjudicating Authority's confirmation of attachment is a key stage in the eventual confiscation of proceeds of crime.
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