Mains-90: Money Laundering and its prevention.
India’s black money problem has been largely misdiagnosed with the legislative measures in addressing the black money falling short. The Black money act which was aimed to bring the unaccounted money parked as overseas assets ..
Unlawful Activities Prevention Act (UAPA) was brought in to empower the state to prevent the unlawful activities and associations. But these special powers have become controversial and have often been the reason for calls which ..
How money laundering can be a threat to India's internal security? Discuss some of the international agreements and steps taken by Indian government to address the issue of money laundering.
Money laundering is the process of creating the appearance that large amounts of money obtained from criminal activity, such as drug trafficking or terrorist activity, originated from a legitimate source. The money from the illicit ..
What is Black money? Discuss various measures undertaken by government to curb and control black money.
Government’s white paper defines Black money as the aggregates of incomes which are taxable but not reported to the tax authorities either during generation or possession. Black money is posing serious challenge to the security ..
Examine the recently proposed changes in the various provisions of Prevention of Money Laundering Act (PMLA).
Finance bill has proposed various amendments to the Prevention of money laundering act (PMLA) to strengthen the institutional mechanisms against money laundering. The amendments include Empowering the Special Court to restore confiscated assets to the ..