Prevention of Money Laundering : Property held outside country is also proceeds of crime
PMLA-Property held outside country, amended provisions effective from 19thApril, 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 the country” in case proceeds of crime is taken out… Read More »