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 »
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 »
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 »
As time passes, so do the techniques employed by money launderers. With increasing innovation and the advent of the internet, criminals are finding new ways to hide and transfer their illicit earnings globally. This article delves into the evolving techniques of money laundering, its far-reaching impact on the world economy, and the measures taken by
Money Laundering: Evolving Techniques and Global Impact Read More »
As the name suggests, The Prevention of Money-Laundering Act (PMLA), 2002 is an Act to prevent money-laundering and to provide for confiscation of property derived from, or involved in, money-laundering and for matters connected therewith or incidental thereto. Illegally obtained funds are laundered and moved around the globe using shell companies, intermediaries. In this way,
The Prevention of Money-Laundering Act, 2002 (PMLA) Read More »
The Father of our Nation, Mahatma Gandhi exclaimed that money is not evil as such but is the root cause of evil intents. Money is required for the proper functioning of societies post the Barter system generations but the manner in which it is used must be regulated due to the power it possesses. Money
Money Laundering in India – Introduction Read More »
Adjudicating authorities play a pivotal role in implementing and enforcing money laundering laws. Established under the Prevention of Money Laundering Act 2002 (PMLA), these authorities are responsible for supervising the attachment and seizure of properties and assets linked to money laundering activities. This article offers a comprehensive analysis of the composition, powers, and functions of
A Closer Look at their Functions in Money Laundering Cases Read More »
This article explores the relationship between the Prevention of Money Laundering Act (PMLA) and the Code of Criminal Procedure (CrPC) in bail matters related to money laundering cases. Drawing on the context provided by a book excerpt on the subject, we will examine the dependency of money laundering offences on scheduled offences and the implications
The Overriding Effect of PMLA over CrPC in Bail Matters (FREE!!) Read More »
Money laundering is a severe issue that erodes the integrity of financial systems, facilitates criminal activities, and poses a threat to global economies. To address this challenge, the Prevention of Money Laundering Act 2002 was enacted, providing a robust legal framework to fight against money laundering offences. A crucial aspect of prosecuting cases under
Offenses in Prosecution under the Prevention of Money Laundering Act (PMLA) Free!! Read More »
Money laundering is a severe and complex crime with far-reaching consequences. In India, the Prevention of Money Laundering Act (PMLA) serves as the primary legislation that governs the punishments for individuals found guilty of money laundering offences.
Unraveling the Consequences under Section 4 of PMLA Read More »
