What is prevension of money laundering act 2002
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Prevention of Money Laundering Act, 2002 is an Act of the Parliament of India enacted by the NDA government to prevent money-laundering and to provide for confiscation of property derived from money-laundering.
PMLA and the Rules notified there under came into force with effect from July 1, 2005.
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The Prevention of Money Laundering Act, 2002. Purpose: An act to prevent money-laundering and to provide for confiscation of property derived from, or involved in, money laundering. ... Narcotic Drugs and Psychotropic Substances Act, 1985.
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