The main objectives of the Prevention of Money Laundering Act are :
- To prevent and control money laundering
- To confiscate and seize the property obtained from the laundered money; and
- To deal with any other issue connected with money laundering in India.
- The Act also proposes punishment under sec.4.
Further Reading:
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Related Links |
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What is the purview of the Prevention of Money Laundering Act? |
What are the provisions of the Prevention of money laundering Act, 2002? |
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