Question

Under the PMLA, a person whose property is confiscated may, in certain circumstances, claim restoration if found to be a what?

Q: Answer-Under the PMLA, a person whose property is confiscated may, in certain circumstances, claim restorat...

Under the Prevention of Money Laundering Act, provisions exist for the restoration of confiscated property to legitimate claimants, including bona fide third parties who have a valid interest in the property and who acted without involvement in money laundering. The Special Court or the relevant authority may order such restoration in appropriate cases. This protects the rights of innocent persons and victims who may have a genuine claim to the property, balancing confiscation with fairness to legitimate stakeholders.