Thursday, February 21, 2013

Prevention of Money Laundering Act, 2002

The Prevention of Money Laundering Act, 2002 (PML Act) was enacted in 2002 and enforced in 2005 to prevent money laundering and to provide for attachment, seizure and confiscation of proceeds of crime obtained or derived, directly or indirectly from money laundering and for matters connected therewith or incidental thereto.

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