CURRENT AFFAIRS

Detailed explanation-1: -2006 issued under Section 43 (1) of the PML Act, 2002 and for Karnataka, the Principal City Civil and Sessions Judge, Bengaluru established as the Special Court for the offences committed in various Revenue Districts including Bengaluru, Tumakuru, Kolar, Mandya, Hassan etc.

Detailed explanation-2: -The ED carries out search (property) and seizure (money/documents) after it has decided that the money has been laundered, under Section 16 (power of survey) and Section 17 (search and seizure) of the PMLA. On the basis of that, the authorities decide if arrest is needed as per Section 19 (power of arrest).

Detailed explanation-3: -An Act to prevent money-laundering and to provide for confiscation of property derived from, or involved in, money-laundering and for matters connected therewith or incidental thereto. programme; AND WHEREAS it is considered necessary to implement the aforesaid resolu-tion and the Declaration.

Detailed explanation-4: -The acquisition, concealment, possession or use of proceeds of crime falls under the definition of money laundering. It also includes a person who claims and even presents it as untainted property shall be guilty of money laundering offence.