Amendments to PMLA 2002

INTRODUCTION Through the Finance Act 2019, which became effective from August 1, 2019, few very important amendments under the Prevention of Money Laundering Act, 2002 (“Act”) were made. Interestingly, most of them were through addition of an ‘explanation’ or a ‘proviso’ to the sections. Given the number of matters pertaining to misappropriation of funds and […]