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HomeCORPORATEPrevention of Money-Laundering (Amd.) Act, 2005: A Critical Study

Prevention of Money-Laundering (Amd.) Act, 2005: A Critical Study

Prevention of Money-Laundering (Amd.) Act, 2005: A Critical Study

PMLA was enacted in 2002 and came into force in 2005. The main purpose of this law is to combat money laundering, or the process of turning black money into white. The law allows state authorities to confiscate property …

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