Prevention of Money Laundering Act, 2002

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:Indian_legislation
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:dateEnacted	2002
gptkbp:enactedBy	gptkb:Parliament_of_India
gptkbp:enteredIntoForce	1 July 2005
gptkbp:officialWebsite	https://enforcementdirectorate.gov.in/
gptkbp:penalty	imprisonment fine
gptkbp:purpose	prevent money laundering provide for confiscation of property derived from money laundering
gptkbp:relatedTo	gptkb:Financial_Action_Task_Force_(FATF)
gptkbp:section	Section 3 defines offence of money laundering Section 5 provides for attachment of property Section 12 imposes obligations on banking companies, financial institutions, and intermediaries Section 4 prescribes punishment for money laundering Section 8 provides for adjudication
gptkbp:shortName	gptkb:PMLA
gptkbp:territory	gptkb:India
gptkbp:bfsParent	gptkb:Financial_Intelligence_Unit_–_India gptkb:Act_No._2_of_2019 gptkb:Enforcement_Directorate gptkb:Benami_Transactions_(Prohibition)_Act,_1988 gptkb:Prohibition_of_Benami_Property_Transactions_Act,_1988 gptkb:Fugitive_Economic_Offenders_Act_(India)
gptkbp:bfsLayer	7
https://www.w3.org/2000/01/rdf-schema#label	Prevention of Money Laundering Act, 2002