Commentary on The Prevention of Money Laundering Act. 2002

Commentary on the Prevention of Money Laundering Act 2002 is a comprehensive study with critical analyses. It deals with Historical Background Basics of Money Laundering Authorities their Powers & Functions Tools of Investigation Attachment Confirmation & Confiscation Prosecution Reporting Entities Appellate Remedies Retention of Documents Records or Properties Reciprocal Arrangement with foreign countries Trade based Money-Laundering Miscellaneous Amendments Concluding Remarks and Suggestions and Appendices with absolute clarity on the subject. This is the first book of its own kind with updated material Rules Regulations Amendments and judicial pronouncements delivered by different High Courts and the Apex Court. Four new chapters have been inserted in this edition and the book also contains Appendices relevant to the subject of money laundering like the Prevention of Money Laundering Act 2002 with Rules and Regulations framed under the Act the UN Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances 1988 Prevention of Criminal use of the Banking System for the purpose of Money Laundering FATF Recommendations with Interpretive Notes FATF Special Recommendations on Terrorist with Interpretive Notes UN Convention against Transnational Organized Crime and the RBI’s KYC Direction as updated on May 04 2023