False
Download Learnerz IAS app from the Play Store now! Download

$show=search/label/May%202022

 


Prevention of Money laundering Act(PMLA) UPSC NOTE

 Why in News

A three-judge Bench indicated ,if required, refer any aspect of the Prevention of Money Laundering Act (PMLA), upheld by a Supreme Court judgment in July 2022, to a Constitution Bench.

PMLA Supreme Court judgment in July 2022

PMLA is a law that was enacted by the Indian Parliament in 2002 to prevent and punish money laundering. 

The PMLA has been amended several times since it was enacted, and the most recent amendments were made in 2019.

  • In July 2022, the SC of India upheld the constitutional validity of the PMLA. 

  • The Court held that the PMLA is a valid law that is not in violation of the fundamental rights guaranteed by the Constitution of India.

  • The Court's judgment has been criticized by some for upholding the PMLA's broad powers, such as the power to arrest and detain suspects without a warrant. 

  • The Court has defended its judgment, arguing that the PMLA is a necessary tool for combating money laundering.

  • The impact of the Supreme Court's judgment is still being debated. 

  • The judgment is likely to lead to an increase in the number of arrests and prosecutions under the PMLA. 

  • It is also likely to lead to a more aggressive approach to the investigation of money laundering cases.

  • The Supreme Court's judgment is a significant development in the fight against money laundering. 

  • The judgment is likely to have a major impact on the way that money laundering is investigated and prosecuted in India.


COMMENTS

Name

Amritsar,1,April 2024,301,Art & Culture,1,August 2023,251,Courses,7,Daily Current Affairs,48,December 2023,189,Disaster Management,2,Environment and Ecology,54,February 2024,228,Foundation Course,1,GDP,1,GEMS Club,1,GEMS Plus,1,Geography,67,Govt Schemes,2,GST,1,History,2,Home,3,IAS Booklist,1,Important News,71,Indian Economy,46,Indian History,2,Indian Polity,56,International Organisation,12,International Relations,58,Invasive Plant,1,January 2024,240,July 2023,281,June 2022,6,June 2023,268,March 2024,238,May 2022,17,May 2024,213,Mentorship,2,November 2023,169,October 2023,203,Places in News,2,Science & Technology,66,September 2023,205,UPSC CSE,111,
ltr
item
Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Prevention of Money laundering Act(PMLA) UPSC NOTE
Prevention of Money laundering Act(PMLA) UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
https://www.learnerz.in/2023/10/prevention-of-money-laundering-actpmla.html
https://www.learnerz.in/
https://www.learnerz.in/
https://www.learnerz.in/2023/10/prevention-of-money-laundering-actpmla.html
true
4761292069385420868
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content