tax · In Force

Prevention of Money Laundering Act 2002

Criminalises money laundering. ED attaches proceeds of crime. Twin test for bail (Section 45). CAs, CSs, CWAs, VASPs as reporting entities. Attachment and confiscation.

Amended

2005, 2009, 2012, 2019, 2023

Ministry

Ministry of Finance

Key provisions and changes

• Twin test for bail
• Attachment & confiscation powers
• VASPs reporting entities (2022)
• CAs/CSs as reporting entities
• PMLA Appellate Tribunal