Anti-Money Laundering Law Archives

Key Provisions of the Prevention of Money Laundering Act, 2002 (PMLA)

The Prevention of Money Laundering Act (PMLA), 2002 is a crucial legislative framework in India aimed at combating money laundering and preventing the misuse of financial systems for illicit activities. Enacted to curb the generation and circulation of black money, PMLA is instrumental in ensuring financial transparency and regulatory compliance in the economy. The primary […]

Key Provisions of the Prevention of Money Laundering Act, 2002 (PMLA) Read More »

Validity of Section 45 of the PMLA: Effect of Pendency of SLP in the Supreme Court of India

Anti-Money Laundering Law

In this case of Madanlal Manekchand Jain Vs. State of Gujarat and Ors. [Criminal Misc. Application (For Regular Bail) No. 22552 of 2015], the validity of Section 45 of the PML Act, 2002 was questioned before the High Court of Gujarat. The applicant contended that as a special leave petition is pending before the Supreme

Validity of Section 45 of the PMLA: Effect of Pendency of SLP in the Supreme Court of India Read More »

Anti Money Laundering Legislation in India

Anti-Money Laundering Law

As time passed, people started to get innovative with the techniques they use to launder their money. Such people continuously look for such new routes as and when their old methods become public knowledge and easy for the authorities to track. Also, with the advent of the internet, criminals are now able to store their

Anti Money Laundering Legislation in India Read More »

Balancing Act: PMLA’s Dominance in Bail Matters

Anti-Money Laundering Law

The law is a complex and intricate field, where different statutes often intersect and conflict with each other. One such area of conflict is the bail matters, where the Prevention of Money Laundering Act (PMLA) and the Code of Criminal Procedure (CrPC) have different provisions and implications. The Supreme Court, in the case of Gautam

Balancing Act: PMLA’s Dominance in Bail Matters Read More »

Navigating Plea Bargaining under PMLA: A Complex Terrain

Anti-Money Laundering Law

Plea bargaining arises as a technique that both intrigues and undermines the fundamentals of justice in the maze-like tunnels of criminal law. Under the broad protection of the Prevention of Money Laundering Act (PMLA), the plea bargaining process reveals a complex story that is intricately entwined with both legal complexities and the socioeconomic fabric of

Navigating Plea Bargaining under PMLA: A Complex Terrain Read More »

Unveiling the Complex Web of Predicate Offences under PMLA: A Comprehensive Exploration

Anti-Money Laundering Law

Within the intricate labyrinth of legal frameworks, the concept of predicate offences, often interchangeably referred to as schedule offences, under the Prevention of Money Laundering Act (PMLA) assumes a position of utmost significance. This legal tapestry is designed with the intention of encompassing various forms of wealth earned through illicit means, thereby ensuring that illegal

Unveiling the Complex Web of Predicate Offences under PMLA: A Comprehensive Exploration Read More »

Navigating the Terrain of Property Attachment under PMLA: A Comprehensive Insight

Anti-Money Laundering Law

In the realm of money laundering prevention, the concept of property attachment assumes a paramount role. Central to this process is the understanding of “proceeds of crime,” a term that carries significant weight within the framework of the Prevention of Money Laundering Act (PMLA). This article delves into the intricate layers of property attachment, elucidating

Navigating the Terrain of Property Attachment under PMLA: A Comprehensive Insight Read More »

Exploring the Dynamics of Proceeds of Crime under the PMLA

Anti-Money Laundering Law

In the intricate labyrinth of the Prevention of Money Laundering Act (PMLA), one term stands as a linchpin for understanding the flow of illicit gains – “proceeds of crime.” This term, meticulously defined within the act itself, holds the key to unravelling the complex web of financial malfeasance and criminal activity. This article delves into

Exploring the Dynamics of Proceeds of Crime under the PMLA Read More »

The Significance of Explanation within the Realm of PMLA

Anti-Money Laundering Law

In the intricate tapestry of legal frameworks, the Explanation appended to a statutory provision assumes a role of paramount importance. Its function is not to rewrite the law but to illuminate the dark corners of ambiguity that might lurk within its provisions. Section 3 of the Prevention of Money Laundering Act (PMLA) stands as a

The Significance of Explanation within the Realm of PMLA Read More »

The Intricacies of Money Laundering as a Standalone Offense: Decoding Section 3

Anti-Money Laundering Law

The intricate world of financial crimes often delves into the covert operations of money laundering, an art of disguising the origins of unlawfully acquired wealth. Central to this nefarious web is Section 3 of the Prevention of Money Laundering Act, an integral provision that dissects the anatomy of money laundering as a standalone offense. This

The Intricacies of Money Laundering as a Standalone Offense: Decoding Section 3 Read More »