The Prevention of Money-Laundering Act `2003
An Act to prevent money-laundering and to provide for confiscation of property derived from, or involved in, money-laundering and for matters connected therewith or incidental thereto.2003
List of Chapters & Sections
PRELIMINARY
OFFENCE OF MONEY-LAUNDERING
ATTACHMENT, ADJUDICATION AND CONFISCATION
OBLIGATIONS OF BANKING COMPANIES, FINANCIAL INSTITUTIONS AND INTERMEDIARIES
SUMMONS, SEARCHES AND SEIZURES, ETC
APPELLATE TRIBUNAL
SPECIAL COURTS
AUTHORITIES
RECIPROCAL ARRANGEMENT FOR ASSISTANCE IN CERTAIN MATTERS AND PROCEDURE FOR ATTACHMENT AND CONFISCATION OF PROPERTY
MISCELLANEOUS
PRELIMINARY
OFFENCE OF MONEY-LAUNDERING
ATTACHMENT, ADJUDICATION AND CONFISCATION
5Attachment of property involved in money-laundering6Adjudicating Authorities, composition, powers, etc7Staff of Adjudicating Authorities8Adjudication9Vesting of property in Central Government10Management of properties confiscated under this Chapter11Power regarding summons, production of documents and evidence, etc11AVerification of Identity by Reporting EntityOBLIGATIONS OF BANKING COMPANIES, FINANCIAL INSTITUTIONS AND INTERMEDIARIES
SUMMONS, SEARCHES AND SEIZURES, ETC
APPELLATE TRIBUNAL
25Appellate Tribunal26Appeal to Appellate Tribunal27[Omitted.]28[Omitted.]29[Omitted.]30[Omitted.]31[Omitted.]32[Omitted.]33[Omitted.]34[Omitted.]35Procedure and powers of Appellate Tribunal36Distribution of business amongst Benches37Power of Chairperson to transfer cases38Decision to be by majority39Right of appellant to take assistance of authorised representative and of Government to appoint presenting officers40Members, etc., to be public servants41Civil court not to have jurisdiction42Appeal to High CourtSPECIAL COURTS
AUTHORITIES
48Authorities under Act49Appointment and powers of authorities and other officers50Powers of authorities regarding summons, production of documents and to give evidence, etc51Jurisdiction of authorities52Power of Central Government to issue directions, etc53Empowerment of certain officers54Certain officers to assist in inquiry etcRECIPROCAL ARRANGEMENT FOR ASSISTANCE IN CERTAIN MATTERS AND PROCEDURE FOR ATTACHMENT AND CONFISCATION OF PROPERTY
55Definitions56Agreements with foreign countries57Letter of request to a contracting State in certain cases58Assistance to a contracting State in certain cases58ASpecial Court to release the property58BLetter of request of a contracting State or authority for confiscation or release the property59Reciprocal arrangements for processes and assistance for transfer of accused persons60Attachment, seizure and confiscation, etc., of property in a contracting State or India61Procedure in respect of letter of requestMISCELLANEOUS
62Punishment for vexatious search63Punishment for false information or failure to give information, etc64Cognizance of offences65Code of Criminal Procedure, 1973 to apply66Disclosure of information67Bar of suits in civil courts68Notice, etc., not to be invalid on certain grounds69Recovery of fine or penalty70Offences by companies71Act to have overriding effect72Continuation of proceedings in the event of death or insolvency73Power to make rules74Rules to be laid before Parliament75Power to remove difficulties