The Prevention of Money Laundering Act, 2002

The Prevention of Money Laundering Act, 2002 (PMLA) is a cornerstone legislation aimed at preventing laundering of proceeds derived from criminal activity and safeguarding the integrity of India’s financial system. This book offers a comprehensive and practice-oriented analysis of the Act, detailing its objectives, scope, and statutory framework.

It explains key concepts such as “proceeds of crime,” offences of money laundering, attachment and confiscation of property, and adjudication procedures. The book also examines the extensive powers of the Enforcement Directorate, procedural safeguards, bail provisions, and prosecution mechanisms, making it invaluable for both compliance and litigation.

Written in clear and accessible legal language, the text serves as an authoritative reference for legal professionals, students, and compliance officers dealing with economic offences and financial regulations. By integrating criminal law principles with financial governance, the book underscores India’s commitment to combating corruption, terrorism financing, and transnational financial crimes.