The Prevention of Money Laundering Act 2002 (PMLA) is an Indian legislation that seeks to prevent money laundering and terrorist financing. The Act was passed by the Indian Parliament in 2002 and came into force on July 1, 2005. The Act applies to all financial institutions operating in India, including banks, insurance companies, and other intermediaries. The Act requires financial institutions to maintain records of all financial transactions, identify the beneficial owner of each transaction, and report any suspicious transactions to the Financial Intelligence Unit-India (FIU-IND). Financial institutions that fail to comply with the provisions of the Act are liable to fines and imprisonment.
Quick Summery:
- Prevention of Money Laundering Act 2002 are Total Install on Mobile 5413+
- Prevention of Money Laundering Act 2002 are Devolop By Rachit Technology
- Install Prevention of Money Laundering Act 2002 Your PC Using Bluestacks Android Emulator
- This Apps Last Update On Feb 1, 2022
Prevention of Money Laundering Act 2002 Andorid App Summary
Rachit Technology is the developer of this Prevention of Money Laundering Act 2002 application. It is listed under the Books & Reference category in the Play Store. There are currently more than 5413+ users of this app. The Prevention of Money Laundering Act 2002 app rating is currently 3.12. It was last updated on Feb 1, 2022. Since the app cannot be used directly on PC, you must use any Android emulator such as BlueStacks Emulator, Memu Emulator, Nox Player Emulator, etc. We have discussed how to run this app on your PC, mac, or Windows with this emulator in this article.
Features of Prevention of Money Laundering Act 2002 for PC
to use and navigate
1. The app is a complete, offline guide to the Prevention of Money Laundering Act, 2002.
2. It provides section-wise and chapter-wise legal information on the Act.
3. The app has user-friendly features such as audio playback, advanced search, and note-taking.
4. The app is helpful for law professionals, students, and anyone interested in learning about the Act.
5. The app is easy to use and navigate.
6. The app has a resizable font size for better readability.
7. The app can be printed or saved as a PDF.
8. The app is updated with the latest amendments to the Act.
9. The app is free and easy to download.
10. The app is perfect for anyone wanting to learn about the Prevention of Money Laundering Act, 2002.
How To Install Prevention of Money Laundering Act 2002 For PC
Follow the simple instructions below to easily install and download Prevention of Money Laundering Act 2002 on your PC:
- Download the Bluestacks Android emulator from the link above
- Once the download is complete, run the .exe file to begin the installation
- Bluestacks can be successfully installed by following the on-screen instructions
- Launch Bluestacks once it has been installed
- Bluestacks will ask you to sign in; you can use your Gmail ID to sign in
- Now, look for the search bar and in the dialog box, type Prevention of Money Laundering Act 2002 and press Enter
- Click on the most appropriate app from the search results to expand it
- Start the installation process by clicking the Install button
- Wait for the installation to complete
- Now launch the Prevention of Money Laundering Act 2002 andorid App within the emulator and enjoy
System Requirements
| App Name | Prevention of Money Laundering Act 2002 |
| Developer | Rachit Technology |
| Latest Version | 3.12 |
| android Version | 4.4 |
| Category | Books & Reference |
| Package name | com.rachittechnology.PreventionofMoneyLaunderingAct2002 |
| Download | 5413+ |
| Rating | 0.0 |
| Updated on | Feb 1, 2022 |
| Get it On | https://play.google.com/store/apps/details?id=com.rachittechnology.PreventionofMoneyLaunderingAct2002 |
Prevention of Money Laundering Act 2002 App Overview and Details
The Prevention of Money Laundering Act 2002 (PMLA) is an Indian legislation that seeks to prevent money laundering and to provide for confiscation of property derived from, or involved in, money laundering. The Act was enacted by the Parliament of India in 2002 and came into force on 1 July 2005.
The PMLA applies to all offences of money laundering and prescribes punishment for money laundering offences. It also creates a number of agencies to deal with money laundering offences. These include the Financial Intelligence Unit-India (FIU-IND), the Directorate of Enforcement, and the Reserve Bank of India (RBI).
The PMLA requires banks and other financial institutions to maintain records of transactions and maintain proper customer identification procedures. It also requires them to report suspicious transactions to the FIU-IND.
The PMLA also authorizes the RBI to issue directions to banks and other financial institutions for the purpose of preventing money laundering.
Whats New In this Prevention of Money Laundering Act 2002?
– UI Enhancements and minor bug fixes
Conclusion
The Prevention of Money Laundering Act 2002 (PMLA) is an important piece of legislation in India that seeks to prevent money laundering and the financing of terrorism. The Act imposes stringent obligations on financial institutions and other entities in the financial sector to ensure that they do not facilitate money laundering or the financing of terrorism. The Act also provides for a range of enforcement measures that can be taken against entities that violate its provisions. The PMLA is a critical tool in the fight against money laundering and the financing of terrorism and is essential for protecting the integrity of the Indian financial system.
