INDIA Law and Practice Contributed by: Ayush Mehrotra, Upkar Agrawal and Varsha Goel, Khaitan and Co
PMLA Concealment or use of proceeds of unlawful activity (which includes activity contravening the above stat - utes) carries rigorous imprisonment of three to seven years together with a fine; attachment and confisca - tion of property involved in money laundering. Abetment and Conspiracy Abetment, as defined under Section 45 of the Bharati- ya Nyaya Sanhita 2023 (BNS) and criminal conspiracy (under Section 61 of the BNS) also serve as additional grounds for prosecution. These provisions empower enforcement authorities to take action against indi - viduals who aid, facilitate or participate in any scheme to circumvent sanctions laws.
raising funds for such organisations carries impris - onment of up to 14 years; conspiracy or attempt to commit these offences attracts the same maximum
penalties. WMD Act
Trade in prohibited goods or financing of prohibited activities carries imprisonment of five years extend - able to life imprisonment, together with a fine. Attempt or abetment attracts the same penalties. Customs Act Attempt to evade any prohibition on import or export carries imprisonment of up to seven years together with a fine; confiscation of goods and conveyances; and monetary penalties of up to five times the value of the goods.
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