#pmla #pmlalandmarkcases
PMLA Landmark Cases
The Prevention of Money Laundering Act (PMLA), 2002
Need for combating Money-Laundering
Magnitude of Money-Laundering, its steps and various methods
The Prevention of Money-Laundering Act, 2002:
(i) Definition of ‘Money Laundering’, Ss. 3 & 2(1)(p)
(ii) Punishment for Money Laundering (Sec. 4)
(iii) Enforcement: Attachment (Sec. 5)
(iv) Survey, Search, & Seizure (Ss. 16, 17 & 18)
(v) Power to arrest (Sec. 19)
(vi) Adjudication under the Act: Adjudication by Adjudicating Authorities (Sec. 8)
(vii) Special courts (Ss. 43 to 47)
(viii) Vesting of Property in Central Government (Sec. 9)
(ix) Preventive Mechanisms under the Act: Obligation of banking companies, financial
institutions and Intermediaries (Ss. 12 & 12A)
(x) Reciprocal Arrangements with other countries (Overview of Chapter IX i.e. Ss. 55 to
61)
13. Rose Valley Real Estate v. Union of India, (2015) 2 Cal LT 617 92
14. P. Chidambaram v. Directorate of Enforcement, Supreme Court
Judgment dated: 5 September, 2019
15. Amendment in the Prevention of Money Laundering Act, 2002
brought by The Finance Act, 2019