TaxTMI 
TaxTMI 
Amendment in Money Laundering Act
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....mendment in Money Laundering Act <br>News and Press Release<br>Dated:- 26-4-2013<br><BR>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 the....
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.... 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 "perso....
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....n 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 presen....
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....t 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)<BR> New....
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....s - Press release - PIB....