Page-2 of Prevention of Money Laundering Act Current Affairs, GK & News
Money laundering is the process by which large amounts of illegally obtained is given the appearance of having originated from a legitimate source. So basically, all the ways to convert the black money into white money are Money laundering. But in Money laundering, the black money must involve a predicate crime such as the violation of Indian Penal Code, ..
Topics: Asset forfeiture • Crime • Financial Action Task Force on Money Laundering • Financial regulation • Law • Law by country • Money Laundering • Prevention of Money Laundering Act • Task forces • Tax Evasion • Tax in India • Terrorism • Terrorism financing