Under the PMLA, the proceeds of crime, once confiscated,

Solution

Under the Prevention of Money Laundering Act, where the Special Court orders confiscation of property found to be involved in money laundering, such property vests absolutely in the Central Government, free from all encumbrances. The vesting of confiscated property in the government deprives the offender of the proceeds of crime. This is a central objective of the Act, as it removes the financial benefit derived from criminal activity and reinforces the deterrent effect of the anti-money-laundering regime.