April 18 2019
Tightening the anti money-laundering law, the government Thursday widened the definition of ‘proceeds of crime’ stating that a property will be considered as tainted if it relates to any offence on the basis of which a PMLA case has been slapped.
The definitions were brought in the form of amendments to the Finance Bill, 2019, in the Lok Sabha, which was later approved by the House by a voice vote.
