Section 30 the Prevention of Money- Laundering Act,
Sure! Here is an explanation of Section 30 of the Prevention of Money-Laundering Act, 2002 (PMLA):
Section 30 - Power to arrest
Summary:
Section 30 of the PMLA empowers officers authorized under the Act to arrest a person without a warrant, subject to certain conditions, if they have reason to believe that the person is guilty of an offence punishable under this Act.
Detailed Explanation:
Who can arrest?
Any officer authorized by the Central Government under Section 17 of the PMLA can arrest a person without a warrant.
When can a person be arrested?
If such an officer has reason to believe that a person has committed an offence punishable under the Act (e.g., money laundering), they may arrest that person.
Procedure on arrest:
The arrested person should be informed of the grounds of arrest and their rights as soon as possible.
The person must be produced before the nearest magistrate within 24 hours of the arrest (excluding the time taken for the journey).
Limits on arrest:
The power to arrest must be exercised carefully and within the framework of procedural safeguards, such as the rights to legal counsel and protection against arbitrary arrest.
Purpose:
Section 30 aims to empower authorized officers to take immediate action against persons involved in money laundering by allowing arrests without a prior warrant, enabling prompt investigation and enforcement.
RELATED Blog
0 comments