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ARTICLE · 12 JUNE 2019

FIR & ECIR Under PMLA: Before Or After, The Confusion

The offence of Money Laundering has been defined u/s 3 of the Prevention of Money Laundering Act, 2002 (hereinafter, PMLA) as an act where:

IndiaGovernment, Public Sector

By Vijay Pal Dalmia, Advocate
Supreme Court of India and Delhi High Court
Partner Vaish Associates Advocates
Email: [email protected]
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And Satyam Sharma, Symbiosis Law School, Pune
Email: [email protected]

The offence of Money Laundering has been defined u/s 3 of the Prevention of Money Laundering Act, 2002 (hereinafter, PMLA) as an act where:

"someone directly or indirectly attempts to indulge or knowingly assists or knowingly is a party or is actually involved in any process or activity connected proceeds of crime including its concealment, possession, acquisition or use and projecting or claiming it as untainted property shall be guilty of offence of money-laundering".

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