~ By Akshat Patria The Delhi High Court recently, in the case of Adnan Nisar v. Directorate of Enforcement, passed a significant verdict expanding the scope of the Prevention of Money Laundering Act, 2002 (hereinafter referred to as the PMLA) to the offences committed outside India. The Hon’ble High Court has clearly held that an … Continue reading Adnan Nisar v. Directorate of Enforcement: Highlighting the Cross-Border Implications of the PMLA| The Criminal Law Blog
– Hardik Kuldeep and Nishtha Chopra INTRODUCTION The question of whether the Enforcement Case Information Report [“ECIR”] should be mandatorily supplied to the accused has come up before the Supreme Court on numerous occasions. In Vijay Madanlal Choudhary v. Union of India, the apex court had ruled that not only the non-supply of ECIR but … Continue reading International Perspectives on Enforcement Case Information Report Disclosure:Upholding Fair Trial Rights in Money Laundering Cases| The Criminal Law Blog
-Rushil Batra Introduction In 2022, the Supreme Court gave its much-awaited pronouncement in the case of Vijay Madanlal Chaudhary v Union of India on various aspects of the Prevention of Money Laundering Act, 2002 (PMLA)– inter alia the constitutionality of PMLA, conditions for bail, and the role of the Enforcement Case Information Report (ECIR). The … Continue reading Money Laundering and Predicate Offences – The Aftermath of Vijay Madanlal Chaudhary| The Criminal Law Blog
~By Devvrat Singh and Nishita Gupta Introduction The Prevention of Money Laundering Act (hereinafter referred to as PMLA) was enacted in 2002 and since then it has undergone several amendments. The stated object of PMLA was to combat money-laundering activities and confiscate the properties involved in or connected to the act of money laundering. Several … Continue reading Bail under PMLA: Comprehending the SC’s Imprimatur in Vijay Madanlal Choudhary vs UOI| The Criminal Law Blog
~By Abhinav Sekhri The previous post in this two-part series considered how the Supreme Court’s judgment in Vijay Madanlal Choudhary & Ors. v. Union of India & Ors. [SLP Crl. No. 4364 of 2014; Judgment dated 27.07.2022 (“Vijay Madanlal Choudhary“) dealt with the offence of money laundering under the Prevention of Money Laundering Act 2002 [“PMLA”]. This post turns its lens to how the judgment … Continue reading Old Wine in New Bottles? – The Judgement in Vijay Madanlal...| The Criminal Law Blog
~By Abhinav Sekhri After marathon hearings, the Supreme Court finally pronounced its judgment on 27.07.2022 in a batch of over 200 petitions where the legality of various provisions under the Prevention of Money Laundering Act, 2002 [“PMLA”] had been challenged. This judgment — bearing the title Vijay Madanlal Choudhary & Ors. v. Union of India & Ors. [SLP Crl No. 4364 … Continue reading Of Old Wine in New Bottles – The Judgement in Vijay Madanlal Choudhary (Part One)| The Criminal Law Blog
~By Abhinav Sekhri The Delhi High Court has passed a detailed judgment in the matters of Hi-Tech Mercantile and Prakash Industries [Order dated 19.07.2022 in WP(C) No. 14999 of 2021 (“Prakash Industries“], touching on issues pertaining to the Prevention of Money Laundering Act 2002 [“PMLA”]. Holding in favour of the Petitioners and terminating the PMLA proceedings, the High Court … Continue reading Prakash Industries and Interpreting the PMLA| The Criminal Law Blog
दिल्ली के पटियाला हाउस कोर्ट ने पूर्व रॉ अधिकारी विकास यादव के ख़िलाफ़ ग़ैर-ज़मानती वारंट जारी किया है. वह अपहरण और रंगदारी से जुड़े एक मामले की सुनवाई में अनुपस्थित रहे, जिसके बाद कोर्ट ने यह फै...| The Wire - Hindi
The guilty plea is a rare successful money laundering charge following a lengthy investigation by police in B.C.| Vancouver Sun
An investigation uncovers India’s black market for bank accounts, exposing systemic lapses exploited by cybercriminals for scams.| CySecurity News - Latest Information Security and Hacking Incidents
Anton Moiseienko, Senior Lecturer and Research Director at the Australian National University Law School, introduces GAB readers to his new book on AML with the following observation — The contemporary anti-money laundering (AML) regime effectively prevents criminal infiltration of the … Continue reading →| GAB | The Global Anticorruption Blog
Not really. That’s the answer Mirko Nazzari and Peter Reuter provide at the conclusion to their comprehensive review of the evidence on the impact of the global AML scheme. Nazzari, a postdoctoral research fellow in Political Science at the Università … Continue reading →| GAB | The Global Anticorruption Blog
Compliance exec at bank claims termination for investigating Alessandro DiNello’s suspicious payments.| The Real Deal
Financial institutions in Asia Pacific are spending more than ever to fight financial crime. Where’s it all gone?| Digital Finance
Industry collaboration is necessary for the updated rules to succeed| Investment Executive
North Korea's hackers could have laundered $1.5 billion through Chinese networks, evading sanctions in a complex "crime supercycle."| CryptoSlate
What are the key differences between money laundering and terrorist financing — and how can these crimes be detected? The post Unmasking Financial Crimes: Money Laundering vs. Terrorist Financing appeared first on Bolder.| Bolder
The J5, a collaborative partnership among tax authorities and law enforcement from five countries, has identified several risk indicators that financial institutions should be aware of. Risk indicator| Public Intelligence
Phase 2 of the research serves to build upon the foundation laid in Phase 1. The Phase 2 research further explores: the criminal groups utilizing digital assets in illegal activities; how these crimin| Public Intelligence
Private and public sector analysts and subject matter experts working in the cyber financial landscape gathered through a series of meetings to examine the use of financial technologies and cryptocurr| Public Intelligence
Discover the essential partnership between KYC and AML programs, ensuring compliance and integrity in the financial sector.| Jumio: End-to-End ID, Identity Verification and AML Solutions