SANSAD TV: 75 YEARS: LAWS THAT SHAPED INDIA- THE PREVENTION OF MONEY LAUNDERING ACT, 2002

      Introduction: A comprehensive legislation for preventing money-laundering and connected activities, confiscation of proceeds of crime, setting up of agencies, and mechanisms for coordinating measures for combating money-laundering, The Prevention of Money Laundering Act, 2002 was passed by the Parliament. Money laundering: It is the process of creating the appearance that large amounts …