Key Definitions
- Attachment: Prohibition of transfer, conversion, disposition or movement of property by an appropriate legal order.
- Proceeds of crime: Any property derived or obtained, directly or indirectly, by any person as a result of criminal activity relating to a scheduled offence.
- Money-laundering: Attempting to indulge or assist other person or actually involved in any activity connected with the proceeds of crime and projecting it as untainted property.
Read more about this topic: Prevention Of Money Laundering Act, 2002
Famous quotes containing the words key and/or definitions:
“There are two kinds of timidity—timidity of mind, and timidity of the nerves; physical timidity, and moral timidity. Each is independent of the other. The body may be frightened and quake while the mind remains calm and bold, and vice versë. This is the key to many eccentricities of conduct. When both kinds meet in the same man he will be good for nothing all his life.”
—Honoré De Balzac (1799–1850)
“Lord Byron is an exceedingly interesting person, and as such is it not to be regretted that he is a slave to the vilest and most vulgar prejudices, and as mad as the winds?
There have been many definitions of beauty in art. What is it? Beauty is what the untrained eyes consider abominable.”
—Edmond De Goncourt (1822–1896)