Corporate Law : Organized crime disrupts fair competition by introducing illegal goods and laundering illicit funds. The analysis highlights its d...
Corporate Law : This examines whether recent rulings have strengthened or softened bail standards under PMLA. The key takeaway is that courts are ...
Fema / RBI : Courts have held that money laundering is a distinct offence from the predicate crime. Parallel prosecutions under PMLA do not vio...
Corporate Law : The High Court will examine whether bail granted under the Section 45 proviso for women can be cancelled absent perversity or misu...
Corporate Law : The case analysis explores whether India’s anti-money laundering framework is effective despite comprehensive legislation. Court...
Finance : The agreements introduce structured protocols for intelligence sharing and monitoring compliance under PMLA. The ruling highlights...
Corporate Law : FIU-IND imposed a ₹9.27 crore penalty on Bybit for violating PMLA compliance. The platform operated without registration, leadin...
Corporate Law : Bombay High Court directs Enforcement Directorate to regulate statement recording hours under PMLA, emphasizing same-day examinati...
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...
Fema / RBI : The issue was whether properties purchased using company funds could escape benami classification. The Tribunal held that unexplai...
Fema / RBI : The Tribunal ruled that transactions predating the alleged crime cannot be treated as proceeds of crime without a clear link. It s...
Fema / RBI : The issue was whether properties unconnected to crime could be attached under PMLA. The Tribunal held that equivalent value assets...
Fema / RBI : The Tribunal ruled that taxation of income does not negate its use in benami transactions. Even disclosed or assessed income can f...
Fema / RBI : The issue was whether property not directly linked to crime could be attached. The Tribunal held that attachment of equivalent val...
Corporate Law : NRIs and OCIs can now digitally onboard to NPS with relaxed physical presence requirements, while ensuring stringent KYC, anti-fra...
Finance : Ministry of Finance streamlines PMLA KYC rules for SEBI-defined intermediaries, allowing CKYCRR uploads, updates, and retrieval to...
Corporate Law : The Ministry of Finance has appointed 53 Special Public Prosecutors to handle cases on behalf of the Directorate of Enforcement un...
Corporate Law : The Ministry of Finance has designated the Court of Principal District and Sessions Judge, North Goa, to handle PMLA cases across ...
Corporate Law : Jurisdiction for PMLA cases in Chhattisgarh updated to the VI Additional Sessions Court, Raipur, covering the entire state....
1. (1) These rules may be called the Prevention of Money-laundering (Maintenance of Records) 2nd Amendment Rules, 2020. (2) They shall come into force on the date of their publication in the Official Gazette.
Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2020- small account shall remain operational between 1st April, 2020 and 30th June 2020 and such other periods as may be notified by the Central Government. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 31st March, 2020 G.S.R. 228(E).—In exercise of the powers conferred by […]
Where property acquired could not be attached prior to the commission of a scheduled offence such as criminal offence or introduction of Prevention of Money Laundering Act (PMLA) unless the property obtained from the offence was held or taken outside the country.
Central Government designates the Court of Special Judge (Prevention of Corruption Act) (Central Bureau of Investigation)-09, Rouse Avenue Court Complex, New Delhi of Shri Ajay Kumar Kuhar, Delhi Higher Judicial Services as Special Court for dealing with and trial of offence of the Money Laundering under the Prevention of the Money Laundering Act, 2002 (PMLA, […]
The term Money Laundering means procedures adopted in legitimizing assets earned which may be not under the four corners of the law. The source of such ill-gotten wealth may be Corruption, Organized Crime, Narcotics Trade, prostitution arms trade etc.
Central Government notifies the following jurisdictions under Prevention of Money-laundering Law- (i) United States of America (ii) Japan (iii) South Korea (iv) United Kingdom excluding British Overseas Territories (v) France (vi) Germany (vii) Canada and (viii) International Financial Services Centre in India. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 28th November, 2019 […]
Prevention of Money-laundering (Maintenance of Records) Fifth Amendment Rules, 2019. notification is with regard to easing of Aadhaar KYC use for opening of the bank account for the convenience of people who often migrate from place to place for jobs or any other reason and it is not regarding the change of address in Aadhaar […]
In exercise of the powers conferred by section 72A of the Prevention of Money Laundering Act, 2002, the Central Government, hereby constitutes an Inter-ministerial Co-ordination Committee (IMCC), consisting of the following members, namely:—
Supreme Court of India admits appeal but upholds the denial of anticipatory bail for P. Chidambaram in the INX Media money laundering case, citing the gravity of the economic offense.
(1) These rules may be called the Prevention of Money-laundering (Maintenance of Records) Fourth Amendment Rules, 2019. (2) They shall come into force on the date of their publication in the Official Gazette.
