A Practical Guide to Prevention of Money Laundering Act, 2002
Year: 2025
Author: Sunil Kumar Gupta and Pawan Singh Tomar
Overview: This comprehensive guide offers an in-depth analysis of the Prevention of Money Laundering Act, 2002 (PMLA), providing readers with a clear understanding of its provisions, compliance requirements, and practical applications. The latest edition incorporates amendments up to 2025, ensuring that readers are informed of the most current legal frameworks and obligations.
Key Features:
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Detailed Commentary: Explores the objectives and key definitions within the PMLA, including terms such as 'money laundering,' 'proceeds of crime,' and 'attachment.'Wikipedia
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Compliance Guidelines: Provides step-by-step guidance on the obligations of reporting entities, including banks and financial institutions, under the Act.
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Procedural Insights: Outlines the powers of authorities such as the Enforcement Directorate and the Adjudicating Authority, detailing procedures for attachment, adjudication, and confiscation of property.
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Case Law References: Includes summaries of landmark judgments and their implications on the interpretation and enforcement of the PMLA.
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Recent Amendments: Incorporates the latest amendments and notifications up to 2025, ensuring readers have access to current legal provisions.
Ideal For:
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Legal Practitioners and Consultants
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Compliance Officers in Financial Institutions
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Law Enforcement Agencies
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Students and Academicians in Law and Finance
Tags:
#PreventionOfMoneyLaundering #PMLA #MoneyLaundering #Compliance #LegalGuide #Taxguru #2025 #FinancialRegulation
Caveat Legalis: Description based on available details—interpret with due diligence!