Law Of Prevention Of Money Laundering, 1St Edition 2026

This first edition (2026) provides an exhaustive, practice-oriented treatment of the Prevention of Money Laundering Act, 2002. After reproducing the Act and principal rules, the book offers clause-by-clause commentary explaining the offence of money laundering, the role and powers of the Enforcement Directorate, and the statutory mechanism of attachment, adjudication and confiscation. It synthesizes Supreme Court and High Court decisions on crucial issues — scope of predicate offences, bail and interim relief, standards of proof, and the limits of investigative powers — and explains procedural aspects of ECIRs, searches, seizures and summonses. Dedicated chapters cover penalties and sentencing, KYC/AML compliance duties of banks and reporting entities, asset tracing, and cross-border cooperation. The volume includes over 25 sample petitions, drafting templates, flowcharts for procedural steps, and checklists for compliance audits. Comparative notes and policy commentary place India’s law in international AML contexts. Designed for busy practitioners, prosecution and defence counsel, compliance teams, and advanced students, the book blends legal analysis with hands-on tools to support effective litigation and corporate compliance.