The PREVENTION OF MONEY-LAUNDERING ACT, 2002

PRELIMINARY

Section 1 — Short title, extent and commencement.

(1) This Act may be called the Prevention of Money- laundering Act, 2002.

(2) It extends to the whole of India.

(3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint, and different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.

Browse all 80 sections
  1. 1.Short title, extent and commencement.
  2. 2.Definitions.
  3. 3.Offence of money-laundering.
  4. 4.Punishment for money-laundering.
  5. 5.Attachment of property involved in money-laundering.
  6. 6.Adjudicating Authorities, composition, powers, etc.
  7. 7.Staff of Adjudicating Authorities.
  8. 8.Adjudication.
  9. 9.Vesting of property in Central Government.
  10. 10.Management of properties confiscated under this Chapter.
  11. 11.Power regarding summons, production of documents and evidence, etc.
  12. 11A.Verification of identity by reporting entity.
  13. 12.Reporting entity to maintain records.
  14. 12A.Access to information.
  15. 13.Powers of Director to impose fine.
  16. 14.No civil or criminal proceedings against reporting entity, its directors and employees in certain cases.
  17. 15.Procedure and manner of furnishing information by reporting entities.
  18. 16.Power of survey.
  19. 17.Search and seizure.
  20. 18.Search of persons.
  21. 19.Power to arrest.
  22. 20.Retention of property.
  23. 21.Retention of records.
  24. 22.Presumption as to records or property in certain cases.
  25. 23.Presumption in inter-connected transactions.
  26. 24.Burden of proof.
  27. 25.Appellate Tribunal.
  28. 26.Appeal to Appellate Tribunal.
  29. 27.[Omitted.].
  30. 28.[Omitted.].
  31. 29.[Omitted.].
  32. 30.[Omitted.].
  33. 31.[Omitted.].
  34. 32.[Omitted.].
  35. 33.[Omitted.].
  36. 34.[Omitted.].
  37. 35.Procedure and powers of Appellate Tribunal.
  38. 36.Distribution of business amongst Benches.
  39. 37.Power of Chairperson to transfer cases.
  40. 38.Decision to be by majority.
  41. 39.Right of appellant to take assistance of authorised representative and of Government to appoint presenting officers.
  42. 40.Members, etc., to be public servants.
  43. 41.Civil court not to have jurisdiction.
  44. 42.Appeal to High Court.
  45. 43.Special Courts.
  46. 44.Offences triable by Special Courts.
  47. 45.Offences to be cognizable and non-bailable.
  48. 46.Application of Code of Criminal Procedure, 1973 to proceedings before Special Court.
  49. 47.Appeal and revision.
  50. 48.Authorities under Act.
  51. 49.Appointment and powers of authorities and other officers.
  52. 50.Powers of authorities regarding summons, production of documents and to give evidence, etc.
  53. 51.Jurisdiction of authorities.
  54. 52.Power of Central Government to issue directions, etc.
  55. 53.Empowerment of certain officers.
  56. 54.Certain officers to assist in inquiry etc.
  57. 55.Definitions.
  58. 56.Agreements with foreign countries.
  59. 57.Letter of request to a contracting State in certain cases.
  60. 58.Assistance to a contracting State in certain cases.
  61. 58A.Special Court to release the property.
  62. 58B.Letter of request of a contracting State or authority for confiscation or release the property.
  63. 59.Reciprocal arrangements for processes and assistance for transfer of accused persons.
  64. 60.Attachment, seizure and confiscation, etc., of property in a contracting State or India.
  65. 61.Procedure in respect of letter of request.
  66. 62.Punishment for vexatious search.
  67. 63.Punishment for false information or failure to give information, etc.
  68. 64.Cognizance of offences.
  69. 65.Code of Criminal Procedure, 1973 to apply.
  70. 66.Disclosure of information.
  71. 67.Bar of suits in civil courts.
  72. 68.Notice, etc., not to be invalid on certain grounds.
  73. 69.Recovery of fine or penalty.
  74. 70.Offences by companies.
  75. 71.Act to have overriding effect.
  76. 72.Continuation of proceedings in the event of death or insolvency.
  77. 73.Power to make rules.
  78. 74.Rules to be laid before Parliament.
  79. 75.Power to remove difficulties.
  80. SCH-THE SCHEDULE.THE SCHEDULE