Prevention of Money Laundering Act, 2002

The Prevention of Money Laundering Act, 2002 (hereinafter ‘the Act’) is an Act to prevent money laundering, i.e conversion of black money into white, in India. The bill for the Prevention of Money Laundering Act was presented in 1998 and got the assent of the President of India on 1st July, 2005. The Act was […]

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