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    HomeNewsOpinionMoney laundering law’s wide powers and scope need pruning

    Money laundering law’s wide powers and scope need pruning

    The PMLA should focus only on serious crimes instead of the long list of scheduled offences it deals with, including white collar offences in the securities market

    Jayant Thakur
    February 09, 2023 / 13:22 IST
    Money laundering is not, as the then Finance Minister emphasised in 2012, limited to conversion of ‘black’ monies to ‘white’. That is dealt with by the income-tax law.
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