Section 41: Act not to apply to fiscal offences

[41. Act not to apply to fiscal offences.—(1)Except with prior consultation of FMU, an investigating or prosecuting agency shall not charge any person with the offence of money laundering in relation to a predicate offence punishable under the Sales Tax Act, 1990 (VII of 1990) and the Federal Excise Act, 2005. (2) In relation to the laws specified in sub-section (1), no offence other than the following shall be notified as predicate offence, namely: (a) sub-sections 11 and 13 of section 33 read with clause (37) of section 2 of the Sales Tax Act, 1990; and (b) sub-section (3) of section 19 of the Federal Excise Act, 2005.]

Effective date: 2010-03-27

Amendment history

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