MONEY LAUNDERING IN INDIA WITH SPECIAL REFERENCE TO THE PREVENTION OF MONEY LAUNDERING ACT, 2002
Keywords:
Money Laundering, criminal activity, property, legitimateAbstract
The goal and objective of this article is to contemplate and examine the concept of money laundering in India and its law enforcement. There is no denying to the fact that money laundering is globally rampant and it occurs in almost every nook and corner of this world, and it typically involves transferring money through several countries in order to conceal its origins. This piece of article gradually starts with an idea of money laundering along with the process as well as techniques involved in it. It further harp upon the various initiatives and measures taken by the government as to prevent money laundering with special emphasis on the initiatives particularly focusing on the Prevention of Money Laundering Act, 2002. It also discusses, the status and efforts put in by the law enforcement agencies and where they specifically lack. An endeavour has been particularly made by the authors to identify the problems or the lacunae existing in the law enforcement and thus a suggestive measure has been provided in order to improve them.
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15. Crimes which are not mentioned specifically in the schedule of the Act.
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20. Section 5 of the PMLA.
21. Section 12 of the PMLA.
22. Section 13 of the PMLA.
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26. Section 12 of the PMLA.
27. Section 27 of the PMLA.
28. Section 32 of the PMLA.
29. Section 43 of the PMLA.
30. Section 44 of the PMLA.
31. Section 48 of the PMLA.
32. Section 16 of the PMLA.
33. Section 18 of the PMLA.
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