[et_pb_section fb_built=”1″ _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”0px||5px|||” global_colors_info=”{}”][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”0px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https://jurisnode.com/wp-content/uploads/2023/05/Screenshot-2023-05-18-175122.png” title_text=”Screenshot 2023-05-18 175122″ _builder_version=”4.21.0″ _module_preset=”default” min_height=”370.4px” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][/et_pb_image][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”0px||0px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”]

Money laundering is a complex and critical issue that plagues the global financial system, posing significant risks to the stability, transparency, and integrity of economic institutions worldwide.

Criminals transform the proceeds of their criminal activities, such as drug trafficking, fraud, and corruption, into seemingly legitimate funds that they integrate into the financial system without arousing suspicion. This process, known as money laundering, actively involves them in disguising the origins of the money.

To address the increasing threat posed by money laundering, legislators enacted the Prevention of Money Laundering Act (PMLA) of 2022. This crucial piece of legislation aims to actively tackle this pervasive issue.

The PMLA serves as a robust legal framework that enables authorities to identify, investigate, and prosecute individuals involved in money laundering activities, while also implementing preventative measures to deter such illicit financial practices.

As the world of finance becomes increasingly interconnected, it is essential for individuals, businesses, and governments to develop a comprehensive understanding of the offence of money laundering and the implications it carries for the broader financial landscape.

In this article, we will provide an in-depth analysis of the offence of money laundering and its implications, focusing on the role and impact of the PMLA. We will explore the various components of money laundering, the intricacies of the legislation, and the enforcement mechanisms in place to combat this ever-evolving financial crime.

Through this examination, we aim to illuminate the complexities of money laundering and highlight the significance of a proactive approach to addressing this global challenge.

The Three Components of Money Laundering

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” min_height=”485px” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https://jurisnode.com/wp-content/uploads/2023/05/Screenshot-2023-05-18-175156.png” title_text=”Screenshot 2023-05-18 175156″ _builder_version=”4.21.0″ _module_preset=”default” min_height=”457px” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][/et_pb_image][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” custom_margin=”-28px|auto||auto||” custom_padding=”||0px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”]

Money laundering is a multifaceted financial crime that involves a series of processes and activities designed to obfuscate the origins of illicit funds. 

Let’s gain a better understanding of this complex phenomenon of its three main components actively: generating proceeds from criminal activities, acknowledging the illicit nature of the funds, and actively concealing or legitimizing these ill-gotten gains.

1. Generation of Proceeds from Criminal Activities: The first component of money laundering is the generation of proceeds from criminal activities, such as drug trafficking, corruption, or financial fraud.

However, it is important to note that not all crimes are considered money laundering under the PMLA.

The Act specifies a list of predicate offences that fall within its scope, and only the proceeds derived from these offences are subject to anti-money laundering regulations.

This distinction helps to focus the efforts of law enforcement and regulatory authorities on the most significant sources of illicit funds and their potential impact on the financial system.

1. Knowledge of the Illicit Nature of the Funds: The second component of money laundering concerns the knowledge that the profits being handled are derived from criminal activities.

This means that anyone who knowingly engages in money laundering activities, either directly or indirectly, is committing a crime under the PMLA.

This element of knowledge is crucial, as it distinguishes those who are intentionally facilitating the laundering process from those who may be inadvertently involved. 

The burden of proof lies with the prosecution to demonstrate that the accused had the requisite knowledge of the illicit nature of the funds in question.

1. Concealing or Legitimizing Criminal Profits: The third component involves the efforts to conceal, transfer, or deal with criminal profits in such a way as to make them appear legitimate.

This process can take various forms, including placing the funds in financial institutions, layering transactions to create distance between the illicit funds and their original source, and integrating the money back into the economy through seemingly legitimate investments or purchases.

The ultimate aim is to disguise the illicit origins of the funds and make them appear as legitimate assets, thereby evading detection and prosecution.

In summary, money laundering is a complex financial crime that consists of three main components: generating proceeds from criminal activities, having knowledge of the illicit nature of these proceeds, and undertaking actions to conceal or legitimize the ill-gotten gains.

Understanding these components is crucial to effectively combatting money laundering and mitigating its detrimental effects on the global financial system.

Section 3 of PMLA: Defining Money Laundering Offence

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”||5px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https://jurisnode.com/wp-content/uploads/2023/05/Screenshot-2023-05-18-175242.png” title_text=”Screenshot 2023-05-18 175242″ _builder_version=”4.21.0″ _module_preset=”default” min_height=”421px” custom_margin=”||2px|||” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][/et_pb_image][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”||0px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”]

Section 3 of the Prevention of Money Laundering Act (PMLA) serves as the cornerstone of the legislation, defining the offence of money laundering and specifying the various activities that fall within its scope.

This provision covers a wide range of activities related to the proceeds of crime, both directly and indirectly. By examining each aspect of this definition, we can gain a better understanding of the full extent of money laundering offences under the PMLA.

1. Concealment of proceeds of crime: This activity involves deliberately hiding the true nature, source, location, disposition, or movement of the proceeds of crime. 

Concealment can take many forms, such as using shell companies, offshore accounts, or complex financial transactions to obscure the trail of illicit funds.

1. Possession of proceeds of crime: Holding or controlling proceeds of crime, whether directly or indirectly, constitutes a money laundering offence under the PMLA.

This covers not only physical possession of cash or other assets but also the control of funds held in bank accounts or other financial instruments.

1. Acquisition of proceeds of crime: The act of obtaining proceeds of crime, whether through purchasing, receiving as payment, or any other means, is considered a money laundering offence.

This includes acquiring assets or businesses using illicit funds or receiving payments for goods or services that have been financed through criminal activities.

1. Use of proceeds of crime: Utilizing the proceeds of crime for any purpose, including personal expenses, business investments, or further criminal activities, is an offence under the PMLA.

This can include using illicit funds to finance a lavish lifestyle or to support other criminal enterprises.

1. Projecting proceeds of crime as untainted property: This involves presenting the proceeds of crime as legitimate assets, often through falsifying records, misrepresenting transactions, or other deceptive means.

By doing so, individuals can disguise the true origins of the funds and evade detection by law enforcement and regulatory authorities.

1. Claiming proceeds of crime as untainted property: Asserting that the proceeds of crime are legitimate, untainted assets is also considered a money laundering offence.

This can entail the act of making false statements or submitting fraudulent documentation to substantiate the assertion that the funds in question do not originate from criminal activities. The PMLA explains and clarifies money laundering offences, thereby ensuring that individuals take responsibility for their actions.

By understanding the various activities that constitute money laundering under Section 3 of the PMLA, we can better appreciate the comprehensive nature of this legislation and its role in combating financial crime.

Issues with the Explanation in Section 3 of PMLA

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”||4px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https://jurisnode.com/wp-content/uploads/2023/05/Screenshot-2023-05-18-175334.png” title_text=”Screenshot 2023-05-18 175334″ _builder_version=”4.21.0″ _module_preset=”default” min_height=”433px” custom_margin=”||15px|||” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][/et_pb_image][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”17px||0px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”]

While the explanation provided in Section 3 of the PMLA helps clarify the scope of money laundering offences, there are some potential issues that warrant further examination. 

These issues can stem from the language used in the explanation, which may be open to interpretation, leading to confusion or misinterpretation.

1. Ambiguity in terminology: Some terms used in the explanation may be vague or lack a clear definition, potentially creating confusion or inconsistencies in the application of the law.

For instance, the terms “directly” and “indirectly” could be subject to different interpretations, affecting how the law is enforced and how individuals are prosecuted.

1. Overlapping activities: The explanation in Section 3 lists various activities that constitute money laundering offences.

However, some activities may overlap, raising questions about the distinctiveness of each offence and whether they should be treated separately or as part of a broader offence.

1. Inconsistency with international standards: There may be discrepancies between the PMLA’s explanation and international anti-money laundering standards set by organizations such as the Financial Action Task Force (FATF).

These inconsistencies could lead to confusion and hinder international cooperation in combating money laundering.

1. Potential for misinterpretation: The complexity of the legislation and its language poses a risk of misinterpretation by legal practitioners, law enforcement agencies, or individuals, potentially resulting in inconsistencies in the application and enforcement of the PMLA.

By addressing these issues, lawmakers and regulators can ensure that the PMLA remains an effective tool in combating money laundering and protecting the integrity of the global financial system.

The Offence of Money Laundering: Independence and Processes

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” min_height=”480px” custom_padding=”||7px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https://jurisnode.com/wp-content/uploads/2023/05/Screenshot-2023-05-18-175418.png” title_text=”Screenshot 2023-05-18 175418″ _builder_version=”4.21.0″ _module_preset=”default” min_height=”459px” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][/et_pb_image][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”0px||0px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”]

Money laundering is an independent offence, separate from the predicate offences that geneSrate the illicit funds.

This distinction holds significant importance as it empowers authorities to prosecute individuals for money laundering, irrespective of their direct involvement in the underlying predicate offense.

The offence of money laundering encompasses various processes and activities. The broadly categorized of the following stages are:

1. Placement: The initial stage of money laundering involves introducing the illicit funds into the financial system. This can be done through various methods, such as cash deposits, wire transfers, or investments in financial instruments.
2. Layering: Once the illicit funds are in the financial system, the second stage involves conducting a series of transactions to obscure the source of the funds. This may include transferring funds between accounts, exchanging currencies, or investing in complex financial products.
3. Integration: In the final stage of money laundering, criminals actively reintegrate the illicit funds into the legitimate economy. They accomplish this by purchasing assets, investing in businesses, or funding other legal activities, thus creating the illusion of legitimacy for the funds.

Individuals can be prosecuted for money laundering if they are involved in any of these stages or related activities, including:

• Concealment of funds
• Possession of funds
• Acquisition of funds
• Use of funds
• Projecting funds as untainted property
• Claiming funds as untainted property

By focusing on these processes and activities, authorities can effectively target and prosecute individuals involved in money laundering, regardless of their direct involvement in the predicate offence.

This approach helps to dismantle criminal networks, disrupt illicit financial flows, and protect the integrity of the global financial system.

Supreme Court Interpretation of Section 3 of PMLA

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”||6px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https://jurisnode.com/wp-content/uploads/2023/05/Screenshot-2023-05-18-175516.png” title_text=”Screenshot 2023-05-18 175516″ _builder_version=”4.21.0″ _module_preset=”default” min_height=”517px” custom_padding=”||0px|||” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][/et_pb_image][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”2px||1px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”]

The Supreme Court has played a crucial role in interpreting and clarifying the provisions of Section 3 of the PMLA, ensuring a comprehensive understanding of money laundering offences.

The Court has emphasized that the offence of money laundering includes every process and activity involved in dealing with the proceeds of crime, not just the final act of integrating tainted property into the formal economy.

This interpretation is significant because it broadens the scope of money laundering offences, making it easier for authorities to prosecute individuals engaged in any part of the money laundering process.

The Court has also provided guidance on the interpretation of specific words within Section 3, such as reading the word “and” as “or.”

This clarification further highlights the extensive scope of money laundering offences by enabling the prosecution of individuals for engaging in any of the listed activities, rather than necessitating involvement in all of them.

Through these interpretations, the Supreme Court has reinforced the importance of a robust legal framework to combat money laundering.

By providing clarity on the scope of money laundering offences under the PMLA, the Court has equipped law enforcement agencies with the necessary tools to identify, investigate, and prosecute individuals involved in money laundering and protect the integrity of the financial system.

Money Laundering as a Continuing Offence

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”||4px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https://jurisnode.com/wp-content/uploads/2023/05/Screenshot-2023-05-18-170022.png” title_text=”Screenshot 2023-05-18 170022″ _builder_version=”4.21.0″ _module_preset=”default” width=”100%” min_height=”508px” custom_margin=”||10px|||” custom_padding=”|0px||||” global_colors_info=”{}”][/et_pb_image][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” min_height=”741.3px” custom_padding=”17px||4px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” custom_margin=”||-2px|||” global_colors_info=”{}”]

Individuals engaging in money laundering continuously commit an offense, as they persistently enjoy the proceeds of crime through concealing, possessing, acquiring, using, or projecting it as untainted property.

This ongoing nature of money laundering activities highlights the importance of vigilant enforcement and prosecution efforts by law enforcement agencies and regulatory bodies.

The continuing nature of money laundering also underscores the need for a comprehensive approach to combating this crime.

This approach includes implementing strong anti-money laundering (AML) measures, promoting international cooperation, and continuously updating laws and regulations to keep pace with evolving criminal tactics.

By recognizing and addressing money laundering as a continuing offence, law enforcement agencies, financial institutions, and governments can more effectively work together to disrupt and dismantle the networks and infrastructure that enable money laundering, ultimately safeguarding the integrity of the global financial system and protecting society from the devastating consequences of organized crime.

Conclusion

In summary, understanding the complexities of money laundering and the PMLA is crucial in effectively combating financial crime.

This article has provided an in-depth analysis of the offence of money laundering, the role of the PMLA, and the various factors that contribute to this intricate issue, including its three main components, the explanation and interpretation of Section 3, and the continuing nature of the crime.

Recognizing the importance of comprehensive knowledge in this area, we can better equip ourselves to identify and prevent money laundering activities, ensuring the stability and integrity of the global financial system.

By raising awareness about the offence of money laundering and its implications, we can foster a culture of compliance and vigilance among individuals, businesses, and financial institutions.

This, in turn, will lead to more effective collaboration among different stakeholders in the fight against money laundering, ultimately safeguarding the global economy and protecting society from the harmful consequences of such criminal activities.

FAQ:

Q: Is money laundering considered an independent offence?

A: Yes, money laundering is an independent offence separate from the predicate offences that generate the illicit funds.

Q: How has the Supreme Court interpreted Section 3 of the PMLA?

A: The Supreme Court has interpreted Section 3 to include every process and activity involved in money laundering, not just the final act of integrating tainted property into the formal economy. The Court further clarified that Section 3 should interpret the word “and” as “or.”

Q: Is money laundering a continuing offence?

A: Yes, individuals engaging in money laundering persistently commit a continuing offense until they cease directly or indirectly enjoying the proceeds of crime.

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” custom_margin=”-12px|auto||auto||” custom_padding=”18px|485px||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_divider _builder_version=”4.21.0″ _module_preset=”default” min_height=”11.8px” custom_margin=”8px|||||” global_colors_info=”{}”][/et_pb_divider][/et_pb_column][/et_pb_row][et_pb_row column_structure=”1_4,3_4″ _builder_version=”4.21.0″ _module_preset=”default” min_height=”314.3px” custom_margin=”-34px|auto|-5px|auto||” custom_padding=”15px||0px|||” global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.20.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https://jurisnode.com/wp-content/uploads/2023/04/A-guide-to-the-law-of-Money-Laundering.jpg” title_text=”A guide to the law of Money Laundering” _builder_version=”4.20.4″ _module_preset=”default” border_radii=”on|3px|3px|3px|3px” border_width_all=”4px” global_colors_info=”{}”][/et_pb_image][/et_pb_column][et_pb_column type=”3_4″ _builder_version=”4.20.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.4″ _module_preset=”default” custom_margin=”52px|||||” global_colors_info=”{}”]

If you found this article helpful, you may be interested in Advocate Vijay Pal Dalmia, along with Advocate Siddharth Dalmia‘s book, “A Guide to the Law of Money Laundering”. This comprehensive guide provides even more in-depth information on how to recognize and prevent money laundering. It’s packed with practical tips and advice for staying one step ahead of financial criminals. Get your copy today at here.

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”0px||35px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_divider _builder_version=”4.21.0″ _module_preset=”default” min_height=”28.8px” custom_margin=”-14px||-56px|||” custom_padding=”|484px|0px|||” global_colors_info=”{}”][/et_pb_divider][/et_pb_column][/et_pb_row][et_pb_row column_structure=”1_4,3_4″ _builder_version=”4.20.4″ _module_preset=”default” custom_margin=”-29px|auto||auto||” custom_padding=”||18px|||” global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.20.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_team_member name=”Vijay Pal Dalmia” position=”Advocate” image_url=”https://jurisnode.com/wp-content/uploads/2023/04/OIP.jpg” _builder_version=”4.20.4″ _module_preset=”default” custom_padding=”||0px|||” border_radii_image=”on|4px|4px|4px|4px” border_color_all_image=”#000000″ box_shadow_style_image=”preset1″ global_colors_info=”{}”][/et_pb_team_member][/et_pb_column][et_pb_column type=”3_4″ _builder_version=”4.20.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.4″ _module_preset=”default” global_colors_info=”{}”]

By

Vijay Pal Dalmia, Advocate

Supreme Court of India & Delhi High Court

Email id: vpdalmia@gmail.com

Mobile No.: +91 9810081079

[/et_pb_text][et_pb_social_media_follow _builder_version=”4.20.4″ _module_preset=”default” width=”100%” min_height=”49px” custom_margin=”-17px|||2px||” custom_padding=”0px|||0px||” global_colors_info=”{}”][et_pb_social_media_follow_network social_network=”facebook” url=”https://www.facebook.com/vpdalmia” _builder_version=”4.20.4″ _module_preset=”default” background_color=”#3b5998″ global_colors_info=”{}” follow_button=”off” url_new_window=”on”]facebook[/et_pb_social_media_follow_network][et_pb_social_media_follow_network social_network=”twitter” url=”http://www.twitter.com/vpdalmia” _builder_version=”4.20.4″ _module_preset=”default” background_color=”#00aced” global_colors_info=”{}” follow_button=”off” url_new_window=”on”]twitter[/et_pb_social_media_follow_network][et_pb_social_media_follow_network social_network=”linkedin” url=”https://www.linkedin.com/in/vpdalmia/” _builder_version=”4.20.4″ _module_preset=”default” background_color=”#007bb6″ global_colors_info=”{}” follow_button=”off” url_new_window=”on”]linkedin[/et_pb_social_media_follow_network][/et_pb_social_media_follow][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” min_height=”39.8px” custom_padding=”0px|62px|2px|60px||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_divider _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][/et_pb_divider][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.21.0″ _module_preset=”default” min_height=”166.3px” custom_padding=”21px||11px|||” global_colors_info=”{}”][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” min_height=”55.8px” custom_padding=”0px||0px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” min_height=”9.8px” custom_margin=”||-16px|||” custom_padding=”||97px|||” global_colors_info=”{}”]

Related Articles

 

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row column_structure=”1_5,3_5,1_5″ _builder_version=”4.21.0″ _module_preset=”default” background_image=”https://jurisnode.com/wp-content/uploads/2023/05/Screenshot-2023-05-18-010035.png” background_repeat=”repeat” background_blend=”darken” min_height=”96.3px” custom_margin=”-54px|auto||auto||” custom_padding=”30px||27px|||” global_colors_info=”{}”][et_pb_column type=”1_5″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_button button_url=”https://jurisnode.com/meaning-of-the-enactment-of-pmla/” url_new_window=”on” button_text=”Prev” _builder_version=”4.21.0″ _module_preset=”default” custom_button=”on” button_text_size=”22px” button_text_color=”#FFFFFF” button_bg_color=”#000000″ button_border_color=”#FFFFFF” button_border_radius=”100px” button_letter_spacing=”0px” button_font=”|700|||||||” button_icon=”@||divi||400″ button_icon_placement=”left” custom_margin=”40px|36px||36px|false|false” animation_style=”fold” box_shadow_style=”preset7″ global_colors_info=”{}”][/et_pb_button][/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” text_font=”|700|||||||” text_text_color=”#FFFFFF” header_text_color=”#FFFFFF” width=”100%” min_height=”79.6px” custom_margin=”5px||||false|false” custom_padding=”0px|0px|8px|18px||” filter_hue_rotate=”3deg” filter_brightness=”200%” animation_style=”fold” text_text_shadow_style=”preset5″ text_text_shadow_color=”#000000″ header_text_shadow_style=”preset2″ header_text_shadow_color=”#000000″ border_color_all=”#000000″ border_style_all=”outset” global_colors_info=”{}”]

This will shed light on the intricacies of the Prevention of Money Laundering Act 2002 and its implications for combating money laundering offences in India.

Be sure to check back regularly for new insights and updates on this complex and ever-evolving area of law.

[/et_pb_text][/et_pb_column][et_pb_column type=”1_5″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_button button_url=”https://jurisnode.com/?p=865&preview=true” url_new_window=”on” button_text=”Next” _builder_version=”4.21.0″ _module_preset=”default” custom_button=”on” button_text_size=”22px” button_text_color=”#FFFFFF” button_bg_color=”#000000″ button_border_color=”#FFFFFF” button_border_radius=”100px” button_letter_spacing=”0px” button_font=”|700|||||||” button_icon=”A||divi||400″ custom_margin=”43px|36px||-14px|false|false” animation_style=”fold” box_shadow_style=”preset7″ global_colors_info=”{}”][/et_pb_button][/et_pb_column][/et_pb_row][/et_pb_section]