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Prevention of Money Laundering Act, 2002

 

The Prevention of Money-Laundering Act, 2002

(15 of 2003)

157 

An Act to prevent money-laundering and to provide for confiscation of property derived from, or involved in, money-laundering and for matters connected therewith or incidental thereto .

Whereas the Political Declaration and Global Programme of Action, annexed to the resolution S-17/2 was adopted by the General Assembly of the United Nations at its seventeenth special session on the twenty-third day of February, 1990;

And whereas the Political Declaration adopted by the Special Session of the United Nations General Assembly held on 8th to 10th June, 1998 calls upon the Member States to adopt national money-laundering legislation and programme;

And whereas it is considered necessary to implement the aforesaid resolution and the Declaration;

Be it enacted by Parliament in the Fifty-third Year of the Republic of India as follows:

LEGISLATIVE HISTORY 6

 

·  Prevention of Money-Laundering (Amendment) Act, 2005 (20 of 2005)

 

 

 

 

 

 

·  Prevention of Money-Laundering (Amendment) Act, 2009 (21 of 2009)

·  Prevention of Money-Laundering (Amendment) Act, 2012 (2 OF 2013)

·  Amended by Act 2 of 2013, dated 15.2.2013

·  Prevention of Corruption (Amendment) Act, 2018 (16 of 2018), dated 26.7.2018
FACT SHEET 6

 

·  Received the assent of the President on 17.1.2003 and published in the Gazette of India, Ext., Pt.II, Section 1, dated 20.1.2003, pp. 1.29, No.16.

 

 

 

 

 

 

·  Enforced on 1.7.2005.