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The history of the PMLA can be traced back to the later part of the 1980s, when an urgent need was felt among various nations to protect their financial systems from money-laundering.

The "pyramid scheme" has been explained in Annexure A to this memo.

As lawyers/advocates, we understand that making a police complaint in India can be a daunting task for a layman.

Fraud is a legal concept that is often easier to understand than to define. There are no exhaustive criteria that circumscribe fraud under Indian law. As an example, ...

A loan of Rs. 1 crore was extended to Anil Ramrao Naik (accused) to pay for a property for which a Memorandum of Understanding (MoU) for repayment was entered into between the parties.

In the modern business environment, characterised by spatial distance and inability of the parties to a commercial transaction in performing a realistic assessment of the creditworthiness...

Ensuring accountability for accused individuals is crucial, but the evasion of justice by fleeing jurisdiction poses challenges.

The Prevention of Money Laundering Act, 2002 (PMLA) is a crucial legislative instrument that plays a significant role in the concerted effort to combat and curtail illicit financial activities.

The Prevention of Money Laundering Act (PMLA) confers broad powers upon enforcement agencies to investigate and prosecute offences involving the laundering of illicit proceeds.

The UFIA Bill is to take effect from 1 April 2016, i.e. from the financial year 1 April 2015- 31 March 2016.

The Fugitive Economic Offenders Act, 2018 was introduced by the Ministry of Finance and Corporate Affairs, which has been passed by the Lok Sabha on 19.07.2018 and subsequently by the Rajya Sabha on 25.07.2018.

India's digital payments story has been extraordinary. In two decades, India moved from RTGS and paper cheques to Unified Payments Interface processing nearly half of the world's real-time transactions.

To put it simply, the question at hand is whether the ED can proceed only against property linked to criminal activity relating to a scheduled offence, or whether it can also move against untainted assets of corresponding value where the original tainted property is no longer traceable.

The Apex Court, in an order dated 15th October 2020 in Asian Resurfacing of Road Agency Pvt. Ltd. and Anr. v. Central Bureau of Investigation [Miscellaneous Application No. 1577 of 2020 in Criminal Appeal Nos. 1375-1376 of 2013] has reiterated that any stay on the civil or criminal proceedings will not continue beyond 6 (six) months and the trial court may proceed in the case without waiting for approval from the higher court, if the stay is not extended.

There is no uniform or consistent definition of an ‘insider' among the securities regulatory authorities of the world's major financial economies.

Simply put, a ‘Ponzi scheme' is a scam investment purposed at cheating investors. It involves persuading the public to invest in fraudulent, seemingly lucrative, schemes.

Front running involves individual(s) or entity(ies) executing buy or sell orders, on the floor of the stock exchange, based on prior knowledge of an upcoming large trade, where that upcoming trade...

Investigations in the corporate landscape are referred to by a multitude of typologies, such as workplace, fraud, forensic or ethics investigations, to name a few and these typologies are representative of the myriad methods, techniques and processes deployed to achieve a singular objective.