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 55: Definitions.
    In this Chapter, unless the context otherwise requires,--
         (a) "contracting State" means any country or place outside India in respect of which arrangements have been made by the Central Government with the Government of such country through a treaty or otherwise;
         (b) "identifying" includes establishment of a proof that the property was derived from, or used in the commission of an offence under section 3;
         (c) "tracing" means determining the nature, source, disposition, movement, title or ownership of property.
Scroll to Top