#TaxmannPPT | Recent Updates Regarding the Prevention of Money Laundering Act, 2002

Prevention of Money Laundering Act, 2002 Organised by: Taxmann Presented by: Adv. Aditya Ajgaonkar

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#TaxmannPPT | Recent Updates Regarding the Prevention of Money Laundering Act, 2002

Published on Dec 21, 2023

✔️ What is AML and why is it relevant? ✔️ What is PMLA? ✔️ Why is the PMLA considered draconian? ✔️ Offence of Money Laundering and Its Explanation (Section 3) ✔️ The Schedule of Offenses ✔️ Proceeds of crime (Section 2(u)) ✔️ Punishment for Money Laundering ✔️ Institutional Framework Agencies ✔️ 3rd May 2023 Notification ✔️ 9th May 2023 Notification ✔️ Obligation of Reporting Entities ✔️ The action to be taken against a defaulting Reporting Entity ✔️ Circular of 17.07.2023 ✔️ The FATF 40 Recommendations – 3rd May 2023 Notification ✔️ Important Judgments ✔️ PMLA v. IBC ✔️ Q&A Session

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