A Practical Guide to The Prevention of Money Laundering Act, 2002 (Soft Copy)

This 3rd Edition (2025) of A Practical Guide to the Prevention of Money Laundering Act, 2002 is a comprehensive and practical handbook designed to provide a clear understanding of the PMLA framework, as amended up to date. Authored by Sunil Kumar Gupta and Pawan Singh Tomar, this edition integrates legislative provisions with practical insights, making it highly useful for professionals, enforcement officers, compliance managers, legal practitioners, and students of financial and economic laws.

The book not only reproduces the complete, updated text of the Prevention of Money Laundering Act, 2002, but also includes 275 Frequently Asked Questions to simplify complex provisions and address common interpretational challenges. Real-world illustrations and procedural clarifications make it a ready reckoner for compliance and litigation.

The content covers:

• Complete updated text of the PMLA with latest amendments

• Scope, applicability, and objectives of the Act

• Definitions and key terms explained in simple language

• Concept of “Proceeds of Crime” and its legal implications

• Obligations of reporting entities (banks, financial institutions, intermediaries)

• Procedures for attachment, adjudication, and confiscation of property

• Offences under the Act and corresponding penalties

• Powers and functions of the Enforcement Directorate (ED)

• Burden of proof and admissibility of evidence

• Procedural aspects of searches, seizures, and arrests under PMLA

• Appellate mechanism and remedies available

• Interplay with allied laws such as IPC, CrPC, FEMA, and NDPS Act

• Practical guidance for drafting responses to notices and representing before authorities

• 275 FAQs covering practical, procedural, and compliance-related queries

This edition is particularly suitable for:

• Advocates, corporate counsels, and compliance professionals

• Enforcement officers and investigators handling PMLA cases

• Chartered accountants and company secretaries advising clients on compliance

• Students of law, taxation, and corporate governance

• Academicians and researchers in financial crime and anti-money laundering laws

With its combination of statutory provisions, procedural guidance, and FAQs, this updated 2025 edition serves as a definitive reference for understanding and applying the Prevention of Money Laundering Act, 2002 in both compliance and litigation contexts.