Adjudicating Authority under PMLA, 2002

Facts for Prelims (FFP)   Source: IE Context: The Adjudicating Authority under the Prevention of Money Laundering Act, 2002 (PMLA) has confirmed the attachment of assets belonging to the Congress party-promoted National Herald newspaper.   What is Adjudicating Authority under PMLA, 2002? The Adjudicating Authority under the Prevention of Money Laundering Act, 2002 (PMLA) is …

Prevention of Money Laundering Act (PMLA): Importance and Concerns

GS Paper 3    Syllabus: Internal Security    Source: TH  Context: The article discusses the Prevention of Money Laundering Act (PMLA), which was initially aimed at combating the laundering of drug money but has expanded to include various unrelated offences over time. Recently, the Punjab and Haryana High Court clarified that courts can release an …

[Mission 2024] INSIGHTS DAILY CURRENT AFFAIRS + PIB SUMMARY 10 July 2023

  InstaLinks :  help you think beyond the issue but relevant to the issue from UPSC prelims and Mains exam point of view. These linkages provided in this ‘hint’ format help you frame possible questions ina your mind that might arise(or an examiner might imagine) from each current event. InstaLinks also connect every issue to …

Enforcement Directorate (ED)

GS2/GS3  Syllabus: Statutory bodies/ Money Laundering   Source: IE  Context: The question of the Enforcement Directorate (ED) chief’s tenure is back in the Supreme Court of India.   Explaining the issues: The tenure for directors of CBI and ED is two years. However, in November 2021, the President promulgated two ordinances allowing the Centre to extend …

Amendments to PMLA rules and its impact on ‘politically exposed persons’, NGOs

GS Paper 3 Syllabus: Money laundering-related issues   Source: IE Context: The Finance Ministry has amended the Prevention of Money Laundering Act (PMLA) and rules in line with the recommendations of the FATF – the global money laundering and terrorist financing watchdog.   Background: The government has been struggling to deal with the pandemic-era upsurge …

[Mission 2023] INSIGHTS DAILY CURRENT AFFAIRS + PIB SUMMARY 09 March 2023

InstaLinks :  help you think beyond the issue but relevant to the issue from UPSC prelims and Mains exam point of view. These linkages provided in this ‘hint’ format help you frame possible questions ina your mind that might arise(or an examiner might imagine) from each current event. InstaLinks also connect every issue to their …

[Mission 2023] INSIGHTS DAILY CURRENT AFFAIRS + PIB SUMMARY 07 March 2023

InstaLinks :  help you think beyond the issue but relevant to the issue from UPSC prelims and Mains exam point of view. These linkages provided in this ‘hint’ format help you frame possible questions ina your mind that might arise(or an examiner might imagine) from each current event. InstaLinks also connect every issue to their …