Prevention of Money Laundering Act

FIU-IND: A Central national agency pursuing the global efforts against money laundering and related financial crimes

Corporate Law - Explore the role of FIU-IND in global efforts against money laundering. Learn how Financial Intelligence Unit India monitors transactions, reports suspicious activities, and strengthens international collaboration....

Return Seized Property if PMLA Probe Exceeds 365 Days with No Proceedings: Delhi HC

Corporate Law - Explore the Delhi High Court's landmark judgment on property seizure by ED, emphasizing the lapse if the PMLA investigation extends beyond 365 days without resulting in proceedings....

Analysing Bail Jurisprudence under PMLA: Unravelling Problematic Twin Conditions

Corporate Law - Explore complexities of PMLA bail conditions, their impact on accused, and constitutional concerns. A comprehensive analysis sheds light on legal developments....

SC Mandates Advocates to Verify Facts: Saumya Chaurasia’s Landmark Case

Corporate Law - In a landmark judgment, the Supreme Court mandates advocates to verify facts from case records, rejecting bail for Saumya Chaurasia in a money laundering case....

Money Laundering: A Critical Study of Regulatory Framework

Corporate Law - Explore critical study of money laundering, its regulatory framework, challenges, and role of emerging technologies. Learn how public awareness and education can help combat this financial crime....

Notification & Red Flag Indicators under PMLA, 2002 hosted on ICAI website

Corporate Law - Explore the May 3, 2023, PMLA notification by FIU-IND, including Red Flag Indicators for CA reporting entities. Guidelines, FAQs, and compliance details hosted on ICAI website....

ICAI FAQs on Notification dated 3rd May, 2023 under PMLA, 2002

Corporate Law - Get answers to all your ICAI FAQs related to the Notification dated 3rd May, 2023 under PMLA, 2002: AOP, BOI, RE, KYC and more! ...

ICSI’s Notice on Reporting Entity Registration under PMLA, 2002

Corporate Law - ICSI issues a notice regarding the registration of Reporting Entities under the Prevention of Money-Laundering Act, 2002....

ED Seizes ₹242.39 Cr in Ahmedabad Forex Trading Scam

Corporate Law - Enforcement Directorate's crackdown on illegal forex trading in Ahmedabad leads to seizures worth ₹242.39 Cr. Two arrests made, investigation ongoing....

ED Busts Money Laundering Network Linked to Mahadev APP

Corporate Law - ED's crackdown on Mahadev APP money laundering network reveals staggering assets worth Rs 417 Crore. Learn about investigations and findings....

Failure to meet PMLA Section 45 conditions: Delhi HC denies Bail

Dalip Jindal Vs Directorate of Enforcement (Delhi High Court) - Delhi High Court denies bail to Dalip Jindal in a money laundering case involving the Bankey Behari Group, citing failure to meet PMLA Section 45 conditions. ...

Fabrication of Form 15CB certificates doesn’t fulfill ingredients of offence of money laundering

Amit Aggarwal Vs Directorate of Enforcement (Delhi High Court) - Delhi High Court held that unauthorized outward remittance by forged Form 15CB certificates has not fulfilled the ingredients of the offence of money laundering as there is no “proceeds of crime” being generated from scheduled offence i.e. fabrication of Form 15CB certificates....

Properties covered under approved resolution plan cannot be provisionally attached u/s 5(1) of PMLA

Canara Bank Vs Deccan Chronicle Holdings Limited (NCLT Hyderabad) - NCLT Hyderabad held that provisional order of attachment u/s. 5(1) of the PMLA of the properties of the corporate debtor covered under the approved resolution plan would not wipe of the protection available to such properties u/s. 32A of I&B Code....

Delhi HC Orders Release of Seized Property as ED Investigation Exceeds 365 Days Without Proceedings

Mahender Kumar Khandelwal Vs Directorate of Enforcement & Anr. (Delhi High Court) - Delhi High Court held that investigation for a period beyond 365 days not resulting in any proceedings relating to any offence under the Act, in terms of Section 8(3) of the PMLA Act, is that such seizure lapses. Thus, property so seized directed to be released....

No Offense of Money Laundering When FIR is Quashed & Unchallenged: Delhi HC

Nayati Healthcare And Research NCR Pvt. Ltd. And Ors. Vs Union of India Ministry of Home Affairs (Delhi High Court) - Explore the Delhi High Court judgment quashing ED complaint in Nayati Healthcare case. Analysis of legal aspects and implications. Read more....

Ministry of Finance Notification: Reporting Entities for Aadhaar Authentication

S.O. 810(E). - (20/02/2024) - Check the latest Ministry of Finance notification (S.O. 810(E)) listing reporting entities for Aadhaar authentication under the Prevention of Money-laundering Act. Stay informed!...

Govt Allows Aadhaar Authentication for Reporting Entities under Money-laundering Act

Notification No. S.O. 180(E) - (16/01/2024) - Read the latest notification by the Ministry of Finance, allowing specific reporting entities to use Aadhaar authentication for compliance with privacy standards under the Money-laundering Act....

Government Grants Aadhaar Authentication Permission to 7 Reporting Entities

Notification No. S.O. 5213(E) - (08/12/2023) - Read the latest Ministry of Finance notification granting Aadhaar authentication permission to reporting entities under the Money-laundering Act. Ensure compliance with privacy and security standards....

Prevention of Money-laundering (Maintenance of Records) Third Amendment Rules, 2023

Notification No. G.S.R. 745(E) - (17/10/2023) - Ministry of Finance has made significant amendments to Prevention of Money Laundering Rules in 2023. Learn about changes and their implications....

Appointment of Administrators under PMLA Section 10

Notification No. S.O. 3980(E). - (12/09/2023) - Notification on Appointment of Administrators under Section 10 of Prevention of Money-laundering Act, 2002. Learn about their role & responsibilities....

Recent Posts in "Prevention of Money Laundering Act"

FIU-IND: A Central national agency pursuing the global efforts against money laundering and related financial crimes

Explore the role of FIU-IND in global efforts against money laundering. Learn how Financial Intelligence Unit India monitors transactions, reports suspicious activities, and strengthens international collaboration....

Posted Under: Fema / RBI |

Ministry of Finance Notification: Reporting Entities for Aadhaar Authentication

S.O. 810(E). 20/02/2024

Check the latest Ministry of Finance notification (S.O. 810(E)) listing reporting entities for Aadhaar authentication under the Prevention of Money-laundering Act. Stay informed!...

Failure to meet PMLA Section 45 conditions: Delhi HC denies Bail

Dalip Jindal Vs Directorate of Enforcement (Delhi High Court)

Delhi High Court denies bail to Dalip Jindal in a money laundering case involving the Bankey Behari Group, citing failure to meet PMLA Section 45 conditions. ...

Fabrication of Form 15CB certificates doesn’t fulfill ingredients of offence of money laundering

Amit Aggarwal Vs Directorate of Enforcement (Delhi High Court)

Delhi High Court held that unauthorized outward remittance by forged Form 15CB certificates has not fulfilled the ingredients of the offence of money laundering as there is no “proceeds of crime” being generated from scheduled offence i.e. fabrication of Form 15CB certificates....

Properties covered under approved resolution plan cannot be provisionally attached u/s 5(1) of PMLA

Canara Bank Vs Deccan Chronicle Holdings Limited (NCLT Hyderabad)

NCLT Hyderabad held that provisional order of attachment u/s. 5(1) of the PMLA of the properties of the corporate debtor covered under the approved resolution plan would not wipe of the protection available to such properties u/s. 32A of I&B Code....

Posted Under: Fema / RBI | |

Delhi HC Orders Release of Seized Property as ED Investigation Exceeds 365 Days Without Proceedings

Mahender Kumar Khandelwal Vs Directorate of Enforcement & Anr. (Delhi High Court)

Delhi High Court held that investigation for a period beyond 365 days not resulting in any proceedings relating to any offence under the Act, in terms of Section 8(3) of the PMLA Act, is that such seizure lapses. Thus, property so seized directed to be released....

No Offense of Money Laundering When FIR is Quashed & Unchallenged: Delhi HC

Nayati Healthcare And Research NCR Pvt. Ltd. And Ors. Vs Union of India Ministry of Home Affairs (Delhi High Court)

Explore the Delhi High Court judgment quashing ED complaint in Nayati Healthcare case. Analysis of legal aspects and implications. Read more....

Return Seized Property if PMLA Probe Exceeds 365 Days with No Proceedings: Delhi HC

Explore the Delhi High Court's landmark judgment on property seizure by ED, emphasizing the lapse if the PMLA investigation extends beyond 365 days without resulting in proceedings....

Posted Under: Fema / RBI |

Delhi HC Quashes ED Prosecution on Accused Acquittal/Discharge in Predicate Offense

Jeevan Kumar Vs Dy. Director Directorate of Enforcement (Delhi High Court)

Delhi High Court judgment on quashing ED complaint (CC no.01/2011) under PMLA against Jeevan Kumar after his acquittal in the predicate offence. Legal analysis and implications....

Conspiracy being issue of fact can be proved/ disproved only during trial: Delhi HC

ITO Vs Anil Tuteja & Ors. (Delhi High Court)

Delhi High Court in IAS Anil Tuteja alleged to be engaged in movement of unaccounted cash through different channels with regard to various sectors in the state of Chhattisgarh held that conspiracy is an issue of fact which can be proved or disproved only during trial....

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