"Money laundering, as a criminal offense, gained international legal recognition in 1986 when the United States enacted the Money Laundering Control Act, setting a global precedent. In 1989, the G7 nations established the Financial Action Task For...

"Money laundering, as a criminal offense, gained international legal recognition in 1986 when the United States enacted the Money Laundering Control Act, setting a global precedent. In 1989, the G7 nations established the Financial Action Task Force (FATF) to develop international standards against money laundering. India responded with its own legislative framework through the Prevention of Money Laundering Act (PMLA), 2002, which came into force on 1st July 2005. The PMLA is the central law aimed at combating the laundering of proceeds from crime, empowering the Enforcement Directorate (ED) to investigate, attach, and confiscate tainted assets. This book offers a detailed legal analysis of the PMLA and related laws, including the Narcotic Drugs and Psychotropic Substances Act, 1985, Benami Transactions (Prohibition) Act, 1988, FEMA, 1999, and Income Tax Act, 1961, among others. It also explores intersections with the Companies Act, 2013, IPC, 1860, and UAPA, 1967, especially in cases involving terror financing. To aid law students and young professionals, the book features real-life case studies and landmark judicial precedents, illustrating how courts have interpreted and applied anti-money laundering laws. These case-based discussions provide valuable insights into procedural nuances, enforcement trends, and evolving judicial interpretations in the Indian legal landscape."