How FATF Recommendations Led to the Amendment of Section 24 of the PMLA Act, 2002

How FATF Recommendations Led to the Amendment of Section 24 of the PMLA Act, 2002

Anti-Money Laundering & Financial Crimes

The Financial Action Task Force (FATF) is an inter-governmental body that develops and promotes policies to combat money laundering and terrorist financing. One of the significant recommendations made by the FATF was regarding the amendment of Section 24 of the Prevention of Money Laundering Act, 2002 (PMLA Act). This amendment has significant implications for both

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The Burden of Proof in Money Laundering Cases

How the Burden of Proof Has Shifted in Money Laundering Cases with the Amendment of Section 24

Anti-Money Laundering & Financial Crimes

Money laundering has become a prevalent issue across the world, and India is no exception. In India, the Prevention of Money Laundering Act (PMLA) was enacted in 2002 to combat this problem. However, with the increasing complexity of such cases, it became difficult to prove money laundering beyond a reasonable doubt. This led to the

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