Whitesmann The Prevention of Money-Laundering Act, 2002 Bare Act Edition 2027

The Prevention of Money-Laundering Act 2002 Bare Act Edition 2027

The Prevention of Money-Laundering Act 2002 Bare Act Edition 2027

Description

Definition of Money Laundering (Section 3): Anyone who directly or indirectly tries to indulge, assists, or is involved in any process or activity connected with the proceeds of crime—including its concealment, possession, acquisition, or use—and projects it as untainted (legal) property is guilty of money laundering.