The PMLA seeks to combat money laundering in India and has three main objectives:
To prevent and control money laundering
To confiscate and seize the property obtained from the laundered money; and
To deal with any other issue connected with money laundering in India.
Proceeds of Crime : When money or wealth, in any form, generated or derived through illegal means or sources is injected into main stream of finance duly disguising the source of money or wealth as legal by a sequence of malafide process, a case of Money Laundering is made out. In other words, the money or wealth derived through illegal or criminal activity or process in terms of “Scheduled Offence” is termed as “Proceeds of Crime”.
Support of Competent Advocate : This is where a genuine person, erroneously looped in to investigation under PMLA and vested with the burden of proof, needs the support of a competent and promising Lawyer to put all facts and figures in proper presentation before the Adjudicating Authority and Appellate Tribunal to prove himself not guilty.
At HOUSE OF TAXMEN we have a competent, unrelenting and promising Panel of Experts of Law and Finance to handle litigation under PMLA from the stage of investigation / ECIR, provisional attachment to confirmation of attachment before Adjudicating Authority, PMLA, New Delhi.
The Panel effectively handles statutory appeals and remedies under PMLA right from the stage of Proceedings before Adjudicating Authority upto filing of appeal / representation before Appellate Tribunal, High Courts etc., against provisional attachment, seizure of properties / documents etc.
The Panel also specializes in handling Scheduled Offence Trial before Special Courts as well as Prosecution Complaints Trail before Special Court under provisions of PMLA.
The departmental exposure puts HOUSE OF TAXMEN in an advantageous position in understanding the provisions of law in the right prospective, assessing the genuineness of the client and presenting the case in right perspective before the relevant designated forum.
