Amendment in Money Laundering Act

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..... Amendment in Money Laundering Act - News and Press Release Dated:- 26-4-2013 - News - The Government has recently amended the Money Laundering Act. The objectives of recent amendment in Prevention .....

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..... of Money-laundering Act, 2002 is to strengthen the legislative and administrative framework of the country to prevent money laundering and countering financing of terrorism and capabling to handle th .....

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..... e new evolving threats. Bullion traders have expressed that Germs and jewellery sector be kept out of the purview of Prevention of Money-laundering Act. The Act imposes reporting obligations on per .....

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..... son carrying on designated business and profession , which would include dealer in precious metals, precious stones and other high value goods as and when notified by the Central Government. At pres .....

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..... ent they have not been notified. This was stated by Minister of State for Finance, Shri Namo Narain Meena, in written reply to a question in the Lok Sabha today. DSM/RS/rs (Release ID :95151) .....

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..... - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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