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Foundation

Understanding the Prevention of Money Laundering Act (PMLA) in India

A plain-language guide to India's Prevention of Money Laundering Act, 2002 for students, investors and anyone heading into a compliance career. Learn how Section 3 defines the offence, why the PMLA was enacted, and how scheduled offences act as the gateway to every case. Walk through the reporting machinery that binds banks, brokers and other reporting entities, from the PML Rules and record keeping to the CTRs and STRs filed with FIU-IND. Then follow a case from the Enforcement Directorate's ECIR through search, arrest, Section 50 statements and provisional attachment, on to the Adjudicating Authority, Special Courts, the twin conditions for bail and confiscation. Finally, read the PMLA through the Supreme Court's lens, from Vijay Madanlal Choudhary to later rulings that set limits on ED power, and see what the law means in practice for investors, your broker account and compliance professionals.

PMLA 2002Scheduled OffencesReporting Entity ObligationsFIU-IND ReportingEnforcement Directorate PowersAttachment and ConfiscationPMLA Case Law

MODULES

6

DURATION

4 Hours

TRACK

Forensic Accounting & Compliance

What You'll Master

Explain what Section 3 of the PMLA makes an offence and how scheduled offences trigger the law

Describe the obligations of reporting entities under the PML Rules, including KYC, record keeping and reporting to FIU-IND

Tell CTRs, STRs and other FIU-IND reports apart and know when each is filed

Follow a PMLA case from ECIR to search, arrest, attachment, adjudication and trial

Understand the twin conditions for bail and why PMLA bail is so hard to get

Summarise the key Supreme Court rulings on the PMLA and the debate around them

Know what the PMLA means for your own broker and bank accounts, and the compliance roles it creates

Access Level

LEARNER

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Everything included

Full Text Playbooks

Actionable Exercises

Mobile Reading Mode

Lifetime Updates

Curriculum Breakdown

Chapter 1: Why India Needed the PMLA

3 Lessons

Money Laundering Under Indian Law: What Section 3 Actually Says11 min read

From Vienna to New Delhi: How the PMLA Came to Be10 min read

Scheduled Offences: The Gateway to Every PMLA Case12 min read

Chapter 2: The Reporting Machinery

4 Lessons

Reporting Entities: Banks, Brokers, Intermediaries and Professionals11 min read

The PML Rules: KYC, Record Keeping and Retention12 min read

CTRs, STRs and the Other Reports Filed With FIU-IND12 min read

When Reporting Entities Fail: Section 13 Penalties10 min read

Chapter 3: The Enforcement Directorate's Powers

4 Lessons

The ED, the ECIR and How a PMLA Case Begins11 min read

Search, Seizure and Arrest: Sections 17, 18 and 1912 min read

Statements Under Section 50 and Why They Matter10 min read

Provisional Attachment of Property Under Section 512 min read

Chapter 4: Adjudication, Trial and Confiscation

3 Lessons

The Adjudicating Authority and the Appellate Tribunal11 min read

Special Courts and the Twin Conditions for Bail Under Section 4512 min read

Confiscation, Restoration to Victims and Fugitive Economic Offenders11 min read

Chapter 5: The PMLA in the Courts

3 Lessons

Vijay Madanlal Choudhary: The Judgment That Upheld the PMLA12 min read

Drawing Limits on ED Power: Pankaj Bansal, Tarsem Lal and Later Rulings12 min read

The Debate: Conviction Rates, Reverse Burden and Due Process11 min read

Chapter 6: The PMLA in Practice

2 Lessons

What the PMLA Means for Investors, Traders and Your Broker Account10 min read

Working With the PMLA: Principal Officers, Designated Directors and Compliance Careers10 min read