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The Law of Prevention of Money Laundering critically analyses the Prevention of Money Laundering Act, 2002 (PMLA) in light of the legislative amendments and landmark judicial precedents on the subject. With the increased focus of the regulators in the area of economic offences, PMLA assumes greater importance today with several cases being registered under it. Explaining the genesis of PMLA, the authors draw reference to the Financial Action Task Force (FATF) Recommendations that triggered the enactment in India. PMLA defines “money laundering” as a criminal offence and sets up the structures to implement, prosecute, adjudge and punish. The various stages in the offence of money laundering have been explained along with the nuances of the PMLA. The authors also discuss the incomparable rigours of PMLA, which brings it in conflict with other statutes including the SARFAESI and the constitutional safeguards against double jeopardy. The book examines the Anti-Money Laundering Norms issued by the Reserve Bank of India and the Securities and Exchange Board of India; and incorporates the Rules issued under the PMLA. It also provides a comparative study between the law in India and other developed jurisdictions including the UK and the USA. The book will be useful to law firms, individual practitioners, judges, enforcement agencies, researchers and students of law.