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Prevention of Money Laundering Act, 2002
URI:
https://gptkb.org/entity/Prevention_of_Money_Laundering_Act,_2002
GPTKB entity
Statements (27)
Predicate
Object
gptkbp:instanceOf
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
https://www.w3.org/2000/01/rdf-schema#label
Prevention of Money Laundering Act, 2002
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:Act_No._2_of_2019
gptkb:Enforcement_Directorate
gptkbp:bfsLayer
6