Prevention of Money Laundering Act

GPTKB entity

Predicate	Object
gptkbp:instanceOf	Indian legislation
gptkbp:abbreviation	gptkb:PMLA
gptkbp:administeredBy	gptkb:Enforcement_Directorate
gptkbp:amendedBy	gptkb:Finance_Act,_2015 gptkb:Finance_Act,_2018 gptkb:Finance_Act,_2019 gptkb:Prevention_of_Money_Laundering_(Amendment)_Act,_2009 gptkb:Prevention_of_Money_Laundering_(Amendment)_Act,_2012
gptkbp:appliesTo	whole of India
gptkbp:broadcastOn	Schedule lists predicate offences
gptkbp:dateEnacted	2002
gptkbp:enactedBy	gptkb:Parliament_of_India
gptkbp:enteredIntoForce	1 July 2005
https://www.w3.org/2000/01/rdf-schema#label	Prevention of Money Laundering Act
gptkbp:penalty	fine imprisonment up to 7 years
gptkbp:purpose	prevent money laundering provide for confiscation of property derived from money laundering
gptkbp:relatedTo	gptkb:Benami_Transactions_(Prohibition)_Act gptkb:Financial_Action_Task_Force_(FATF)_recommendations
gptkbp:section	Section 3 defines offence of money laundering Section 5 provides for attachment of property Section 8 deals with adjudication and confiscation Section 12 imposes obligations on banking companies, financial institutions, and intermediaries Section 4 prescribes punishment for money laundering
gptkbp:website	https://enforcementdirectorate.gov.in
gptkbp:bfsParent	gptkb:Indian_legislation
gptkbp:bfsLayer	5