The Prevention of Money-Laundering Act, 2002 (PMLA)
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, […]
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