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HomeNewsOpinionMoney laundering law’s wide powers and scope need pruning

Money laundering law’s wide powers and scope need pruning

Jayant Thakur   •

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

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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