What is PMLA Act? Money laundering, law statement and objectives

What is the Prevention of Money Laundering act and how does it affect a nation? Read this article to understand money laundering, the PMLA act, objectives of the PMLA act, FATF and everything

Chief Justice N.V Ramana reviewed the Prevention of Money Laundering Act (PMLA) on Thursday, August 25. The two key points that the Supreme court will review are upholding the Enforcement Directorate's powers, regarding the arrest and will seek a response from the Centre on the issue.

"After reading the judgment, two areas, not providing ECIR and burden of proof needs reconsideration", Chief Justice N.V Ramana said after reading Karti Chidambaram's petition on the PMLA act.

Also read | SC to review two key points in PMLA verdict, issues notice to Centre

What is money laundering?

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