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 72A: Inter-ministerial Co-ordination Committee.
    1[72A. Inter-ministerial Co-ordination Committee.--The Central Government may, by notification, constitute an Inter-ministerial Co-ordination Committee for inter-departmental and inter-agency coordination for the following purposes, namely:
         (a) operational co-operation between the Government, law enforcement agencies, the Financial Intelligence Unit, India and the regulators or supervisors;
         (b) policy co-operation and co-ordination across all relevant or competent authorities;
        (c) such consultation among the concerned authorities, the financial sector and other sectors, as are appropriate, and are related to anti money-laundering or countering the financing of terrorism laws, regulations and guidelines;
         (d) development and implementing policies on anti money-laundering or countering the financing of terrorism; and
         (e) any other matter as the Central Government may, by notification, specify in this behalf.]
    
Notes:
1. Ins. by Act 23 of 2019, s. 201 (w.e.f. 1-8-2019).

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