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Quick Answer
PMLA criminalises the projection of proceeds of crime as untainted property. Section 3 defines money laundering; Section 4 prescribes punishment (3-7 years imprisonment, extendable to 10 years for narcotics-related cases). Section 8 governs property attachment. Section 19 governs arrest powers. Section 24 reverses the burden of proof in specified circumstances. Section 45 imposes twin conditions for bail (reasonable grounds for believing accused not guilty + not likely to commit offence on bail), making bail in PMLA cases challenging. The Supreme Court in Vijay Madanlal Choudhary (2022) upheld most provisions but constrained ED's investigative powers.
Statutory reference
Prevention of Money Laundering Act 2002
Related practice areas
Statute targeting money laundering. Section 3 defines the offence; Section 4 prescribes punishment up to 7 years imprisonment plus fine. Investigation and prosecution by the Enforcement Directorate (ED).
PMLA is governed by Prevention of Money Laundering Act 2002. PMLA criminalises the projection of proceeds of crime as untainted property. Section 3 defines money laundering; Section 4 prescribes punishment (3-7 years imprisonment, extendable to 10 years for narcotics-related cases). Section 8 governs property attachment. Section 19 governs arrest powers. Section 24 reverses the burden of proof in specified circumstances. Section 45 imposes twin conditions for bail (reasonable grounds for believing accused not guilty + not likely to commit offence on bail), making bail in PMLA cases challenging. The Supreme Court in Vijay Madanlal Choudhary (2022) upheld most provisions but constrained ED's investigative powers.
PMLA falls under ED Cases, Criminal Law. NyaySevak matches you with a Bar-Council-verified advocate in the relevant practice area — the first consultation is free.