Finance : Explore how cryptocurrencies are used for money laundering, the challenges faced by law enforcement, and the global regulatory res...
Corporate Law : Jharkhand High Court has recently granted bail to Hemant Soren, the former Chief Minister of Jharkhand, in connection with a high-...
Corporate Law : Explore the Prevention of Money Laundering Act (PMLA), its implications, recent amendments, and the role of financial professional...
Corporate Law : Explore the Prevention of Money Laundering Act (PMLA) in India, ED powers, and significant Supreme Court rulings impacting anti-mo...
Corporate Law : Analyzing the clash between India's Insolvency and Bankruptcy Code (IBC) and the Prevention of Money Laundering Act (PMLA), and th...
Corporate Law : Read about the Directorate of Enforcement's (ED) search operations under PMLA at 14 locations in Haryana and Punjab, uncovering ca...
Finance : Discover India exceptional performance in the FATF Mutual Evaluation 2023-24, placing it in the 'regular follow-up' category and b...
CA, CS, CMA : Learn about ICSI's registration requirements on the PMLA Portal for Anti-Money Laundering (AML) and Combating the Financing of Ter...
Corporate Law : FIU-IND imposes a penalty of Rs. 5.49 Cr on Paytm Payments Bank for PMLA breaches related to illegal activities. Details of the in...
CA, CS, CMA : Explore the May 3, 2023, PMLA notification by FIU-IND, including Red Flag Indicators for CA reporting entities. Guidelines, FAQs, ...
Corporate Law : Detailed analysis of Pirtpal Singh vs Directorate of Enforcement case by Punjab and Haryana HC, regarding PMLA prosecution based o...
Corporate Law : Himachal Pradesh HC denies Rajdeep Singh's bail in the misappropriation of SC/ST/OBC scholarship funds case, citing unsatisfactory...
Corporate Law : Delhi High Court rejects a PIL filed by Ankur Gupta seeking a probe into alleged money laundering and tax evasion, citing previous...
Corporate Law : Allahabad High Court rejects bail for Udhaw Singh in a Rs 7.68 crores fraud case against home buyers and investors. Detailed analy...
Corporate Law : There was sufficient evidence collected by the respondent Enforcement Directorate to prima facie come to the conclusion that asses...
Corporate Law : Check the latest Ministry of Finance notification (S.O. 810(E)) listing reporting entities for Aadhaar authentication under the Pr...
Corporate Law : Read the latest notification by the Ministry of Finance, allowing specific reporting entities to use Aadhaar authentication for co...
Corporate Law : Read the latest Ministry of Finance notification granting Aadhaar authentication permission to reporting entities under the Money-...
Corporate Law : Ministry of Finance has made significant amendments to Prevention of Money Laundering Rules in 2023. Learn about changes and their...
Corporate Law : Notification on Appointment of Administrators under Section 10 of Prevention of Money-laundering Act, 2002. Learn about their role...
. One of the most significant changes is the requirement for CAs, CSs, and CMAs to report suspicious transactions to the Financial Intelligence Unit (FIU) within 15 days of identifying them, up from the previous requirement of 7 days. Failure to comply with this requirement could result in a penalty of up to Rs. 10 lakh.
Discover the recent amendments to Indias Prevention of Money Laundering Act (PMLA) expanding its scope to include professionals like Chartered Accountants, Company Secretaries, and Cost and Works Accountants. Learn about the implications, compliance requirements, and the government’s efforts to strengthen the legal framework against money laundering and financing of terrorism in India.
the Finance Ministry has brought in practicing CS, CA, CMA carrying out financial transactions on behalf of their clients into the ambit of the money laundering law.
Explore the implications of the latest PMLA notification, bringing practicing professionals in CA, CS, and CMA under its purview for financial transactions on behalf of clients. Stay informed to ensure compliance and avoid penalties.
Reserve Bank of India, hereby permits the said Reporting Entities to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money Laundering Act
Government notifies that following transactions done by CA, CS & CMA on behalf of their client will be covered under Prevention of Money-laundering Act, 2002. This notification is issued by the Ministry of Finance, Department of Revenue in India, and it pertains to the Prevention of Money Laundering Act, 2002. The notification outlines that certain […]
Soumyendra Nath Banerjee Vs Union of India (Calcutta High Court) Calcutta High Court didn’t entertained the writ petition under Article 226 of the Constitution of India as efficacious alternative remedy of appeal before the Appellate Authority under section 25 of PMLA Act, 2002 available. Facts- The petitioner is aggrieved by an order of provisional attachment […]
Explore 121 FAQs on the Prevention of Money Laundering Act (PMLA) 2002 in India. Get insights into key chapters, definitions, and implications of this legislation.
Explore the recent amendments to the Prevention of Money-Laundering Act, 2002, making regulations on cryptocurrency transactions more stringent. Understand the expanded scope, documentation requirements, and implications for reporting entities under the PMLA Act.
Explore 41 FAQs providing an official overview of the Prevention of Money Laundering Act (PMLA) in India. Understand key conditions, legal history, enforcement, and international cooperation. Stay informed on money laundering offenses and their implications.
