The Schedule to India's newly-enacted Prevention of Money Laundering Act is marked by some significant omissions. It contains no references to offences relating to tax evasion, smuggling, foreign trade law violations and foreign exchange manipulations on account of these offences. Proceeds of crime relating to these offences, therefore, will remain outside the scope of the new law.
To read the full text Login
New 3 Month Subscription
to Digital Archives at
₹826for India
$50for overseas users
Comments
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.