Commentary on The Prevention of Money Laundering Act, 2002

This edition of Commentary on The Prevention of Money Laundering Act, 2002 (PMLA) by Dr. Shamsuddin serves as a comprehensive and authoritative reference for legal practitioners, enforcement officers, compliance professionals, and students specialising in financial crime and anti-money laundering law.

The book provides a detailed and section-wise commentary on the PMLA, enriched with judicial interpretations, practical insights, and analysis of its interplay with allied laws. It covers recent amendments, evolving compliance obligations, and the latest case law, making it an indispensable guide for understanding both the legal framework and practical enforcement of the Act.

The content spans the full scope of the Prevention of Money Laundering Act, 2002, including:

• Complete and updated statutory provisions of the PMLA

• Section-wise commentary with legal analysis and practical implications

• Definitions, scope, and applicability of the Act in combating money laundering

• Process of attachment, adjudication, and confiscation of proceeds of crime

• Investigation powers of the Enforcement Directorate and procedural safeguards

• Offences, penalties, and prosecution mechanisms under the Act

• Compliance obligations for reporting entities, including KYC and record-keeping requirements

• Interplay of the PMLA with other economic offences statutes and international conventions

• Landmark Supreme Court and High Court judgments shaping PMLA jurisprudence

• Analysis of recent amendments and their impact on enforcement and compliance practices

This edition is particularly suitable for:

• Lawyers, litigators, and defence counsels in economic offences and PMLA cases

• Enforcement Directorate officials and other investigative agencies

• Compliance officers, bankers, and financial service professionals

• Law students and academicians specialising in economic offences and financial regulation

• Policy makers and researchers focusing on anti-money laundering frameworks

Whether used in the courtroom, corporate compliance offices, or academic study, this updated commentary delivers a precise, in-depth, and authoritative understanding of the Prevention of Money Laundering Act, 2002, as it stands today.