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 …
Continue reading “Prevention of Money Laundering Act (PMLA): Importance and Concerns”
GS Paper 3: Syllabus: Money laundering related issues. Context: The Enforcement Directorate has arrested Delhi Health Minister and senior Aam Aadmi Party (AAP) leader Satyendar Jain under the criminal provisions of the Prevention of Money Laundering Act (PMLA) in connection with his alleged involvement in a ‘hawala transactions’ case. About the Prevention of …
GS Paper 3: Topics Covered: Money laundering related issues. Context: Controversy over the series of raids and arrests of politicians, their relatives, and activists under Prevention of Money Laundering Act (PMLA) has made the Supreme Court to step in and check the misuse of the law. What’s the issue? The frequency and timings …
Introduction: A comprehensive legislation for preventing money-laundering and connected activities, confiscation of proceeds of crime, setting up of agencies, and mechanisms for coordinating measures for combating money-laundering, The Prevention of Money Laundering Act, 2002 was passed by the Parliament. Money laundering: It is the process of creating the appearance that large amounts …
