Proceeds of Crime Current Affairs, GK & News

Amendments to Prevention of Money Laundering Act

The Finance Bill 2019 has proposed amendments to tighten the anti-money-laundering law. Amendments Proposed A total of eight amendments were proposed to the Prevention of Money Laundering Act (PMLA), 2002, of which six are explanations to the existing clauses. The explanations are being brought in to certain existing clauses to remove the “confusion, grey area ..

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