PMLA-Property held outside country, amended provisions effective from 19th April, 2018
April 19, 2018
Finance Ministry, Prevention of Money Laundering Act 2002
PMLA-Property held outside country, amended provisions effective from 19th April, 2018 The Finance Act has made an important amendment in the definition of “proceeds of crime” as appearing in Prevention of Money Laundering Act, 2002. Previously, the definition was amended in 2015 to include “property equivalent held within …