PREVENTION OF MONEY LAUNDERING ACT, 2002

 

 

PRELIMINARY

 

1.         Short title, extent and commencement    

2.         Definitions       

 

OFFENCE OF MONEY‑LAUNDERING

 

3.         Offence of money‑laundering                

4.         Punishment for money‑laundering          

                       

ATTACHMENT, ADJUDICATION AND CONFISCATION

 

5.         Attachment of property involved in money‑laundering     

6.         Adjudicating Authorities, composition, powers, etc.         

7.         Staff of Adjudicating Authorities            

8.         Adjudication                 

9.         Vesting of property in Central Government        

10.        Management of properties confiscated under this

11.        Power regarding summons, production of documents and evidence, etc.               

                       

OBLIGATIONS OF BANKING COMPANIES, FINANCIAL INSTITUTIONS AND INTERMEDIARIES

 

12.        Banking companies, financial institutions and inter­mediaries to maintain records                

13.        Powers of director to impose fine

14.        No civil proceedings against banking companies, financial institutions, etc., in certain cases

15.        Procedure and manner of furnishing information by banking company, financial institution and intermediary

 

SUMMONS,  SEARCHES AND SEIZURES, ETC.

 

16.        Power of survey

17.        Search and seizure

18.        Search of persons

19.        Power to arrest

20.        Retention of property

21.        Retention of records

22.        Presumption as to records or property in certain cases

23.        Presumption in inter‑connected transactions

24.        Burden of proof

APPELLATE TRIBUNAL

 

25.        Establishment of Appellate Tribunal

26.        Appeals to Appellate Tribunal

27.        Composition, etc., of Appellate Tribunal

28.        Qualifications for appointment

29.        Term of office

30.        Conditions of service

31.        Vacancies

32.        Resignation and removal

33.        Member to act as Chairperson in certain circumstances

34.        Staff of Appellate Tribunal

35.        Procedure and powers of Appellate Tribunal

36.        Distribution of business amongst Benches

37.        Power of Chairperson to transfer cases

38.        Decision to be by majority

39.        Right of appellant to take assistance of authorised representative of Government to appoint presenting             officers

40.        Members, etc. to be public servants

41.        Civil Court not to have jurisdiction

42.        Appeal to High Court

 

SPECIAL COURTS

 

43.        Special Courts

44.        Offences triable by Special Courts

45.        Offences to be cognizable and non‑bailable

46.        Application of Code of Criminal Procedure, 1973 to proceedings before Special Court

47.        Appeal and revision

 

AUTHORITIES

 

48.        Authorities under Act

49.        Appointment and powers of authorities and other officers

50.        Powers of authorities regarding summons, production of documents and to give evidence, etc.

51.        Jurisdiction of authorities

52.        Power of Central Government to issue directions, etc.

53.        Empowerment of certain officers

54         Certain officers to assist in inquiry, etc.

 

RECIPROCAL ARRANGEMENT FOR ASSISTANCE IN CERTAIN MATTERS AND PROCEDURE FOR ATTACHMENT AND CONFISCATION OF PROPERTY

 

55.        Definitions

56.        Agreements with foreign countries

57.        Letter of request to a contracting State in certain cases

58.        Assistance to a contracting State in certain cases

59.        Reciprocal arrangements for processes and assistance for transfer of accused persons

60.        Attachment, seizure and confiscation, etc., of property in a contracting State or India

61.        Procedure in respect of letter of request

 

MISCELLANEOUS

 

62.        Punishment for vexatious search

63.        Punishment for false information or failure to give information, etc.

64.        Cognizance of offences

65.        Code of Criminal Procedure, 1973 to apply

66.        Disclosure of information

67.        Bar of suits in civil courts

68.        Notice, etc. not to be invalid on certain grounds

69.        Recovery of fines

70.        Offences by companies

71.        Act to have overriding effect

72.        Continuation of proceedings in the event of death or insolvency

73.        Power to make rules

74.        Rules to be laid before Parliament

75.        Power to remove difficulties

 

SCHEDULE