Notification to Tweak PMLA

The Indian government recently widened the scope of the Prevention of Money Laundering Act (PMLA), 2002, to include transactions facilitated by chartered accountants, company secretaries, and cost and works accountants. This move is part of the government’s efforts to tackle ..

Tags: PMLA • PMLA Act • Prevention of Money Laundering Act (PMLA)

Month: Current Affairs - May, 2023

Category: Legal & Constitution Current Affairs

PMLA Amendments

In its recent amendment, the Central Government listed 15 government bodies that are required to share information with the Enforcement Directorate under the Prevention of Money Laundering Act (PMLA). The list was amended in accordance with Section 66 of the ..

Tags: economic intelligence unit • Enforcement Directorate • PMLA • PMLA Act • Prevention of Money Laundering Act (PMLA)

Month: Current Affairs - December, 2022

Category: India Nation & States Current Affairs

PayPal To Stop Domestic Payment Services

The American Digital payment solutions provider PayPal announced that it will stop offering the domestic payment services within India beginning from April 1, 2021. Highlights The PayPal has further said that it will now focus on enabling more international sales ..

Tags: Delhi High Court • Domestic Payment Services • Financial Intelligence Unit (FIU) • PayPal • Prevention of Money Laundering Act (PMLA)

Month: Current Affairs - February, 2021