PMLA

Several international initiatives, including UN conventions, the Basel Convention, the Financial Action Task Force (FATF) recommendations, the Vienna Conve...

The concept of money laundering has existed for years; however, there was no dedicated law in India to deal with it until 2002, when the Prevention of Mone...

Every entity, such as banks, non-banking financial companies (NBFCs), etc., which is regulated by any of the Government authorities or regulatory bodies, n...

The Prevention of Money Laundering Act was enforced in the year 2005 as a practical measure against money laundering activities and lay down the mechanism...

The word “Attachment of Property" can be construed as attaching properties of a person charged with the offence under any law. The property is attached s...

The Prevention of Money Laundering Act 2002 is one of the primary legislations to counter the offence of money laundering. It has envisaged enormous power...

Various statutes confer the power of recording statements to the investigating agencies. The investigating agencies can record statements of the accused an...

In India, the PML Act is the legislation which seeks to curb instances of money laundering. Under section 5 of the Act, the investigating agency, the Enfor...

Concealment of wealth, whether earned legally or illegally, is not new. To curb this practice of money laundering, the central government has brought speci...

The Prevention of Money Laundering Act, 2002[1] was enacted to curb money laundering and terror financing activities. All financial institutions, including...

Recently, a spurt in the activities of the Enforcement Directorate and FIU has been observed with the rise in money laundering cases. With less than one pe...

Under Indian criminal law, anticipatory bail is defined under Section 438 of Criminal Procedure Code, 1973. The provisions of anticipatory bail grants perm...