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GS PAPER III: Security challenges and their management in border areas - linkages of organized crime with terrorism.
Context: In an important ruling, the Supreme Court said paying extortion money to terror groups to carry on business activities smoothly could not be termed as funding terror organisations and granted bail to a Jharkhand coal transporter who had paid huge amounts to the Tritiya Prastuti Committee (TPC), a breakaway faction of the CPI (Maoist).
About Money laundering:
(i) the conversion or transfer, knowing that such property is the proceeds of crime
(ii) the concealment or disguise of the true nature, source, location, disposition, movement or ownership of or rights with respect to property, knowing that such property is the proceeds of crime; and
(iii) the acquisition, posession or use of property, knowing, at the time of the receipt, that such property is the proceeds of crime.
FATF
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