Act Number: 15

Act Name: The Prevention of Money-Laundering Act, 2002

Year: 2003

Enactment Date: 2003-01-17

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Revenue

Section 53: Empowerment of certain officers.
    The Central Government may, by a special or general order, empower an officer not below the rank of Director of the Central Government or of a State Government to act as an authority under this Act:
     Provided that the Central Government may empower an officer below the rank of Director if the officer of the rank of the Director or above are not available in a particular area.
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