Prevention of Money-Laundering Act 2002 with Rules – Bare Act with Section Notes By Taxmann’s Editorial Board

Prevention of Money-Laundering Act 2002 with Rules [Bare Act with Section Notes] by Taxmann presents a comprehensive, authoritative, and up-to-date Bare Act on India’s principal legislation aimed at preventing money laundering and dealing with proceeds of crime. The publication consolidates the Act along with its allied Rules, notifications, and statutory instruments, as amended from time to time. It is further enriched with concise section-wise notes and selective references to judicial precedents, enabling readers to understand both the legislative framework and its practical enforcement clearly. The book provides a complete legal framework governing the offence of money laundering, attachment and confiscation of property, obligations of reporting entities, adjudication and appellate mechanisms, and prosecution under the Act. Through its structured presentation and explanatory notes, the publication offers valuable insights into statutory safeguards, enforcement powers, procedural requirements, and compliance obligations under the PMLA regime.

This book is intended for the following audience:

• Legal Professionals & Advocates – Lawyers handling matters relating to economic offences, financial crimes, attachment proceedings, adjudication, and appeals under the PMLA will find this text indispensable. The section notes and references to judicial interpretations assist in litigation and advisory work
• Judiciary & Government Officials – Judges, adjudicating authorities, appellate tribunal members, and policymakers can rely on this consolidated statutory reference for accurate interpretation and application of the law
• Chartered Accountants, Company Secretaries & Cost Accountants – Professionals advising clients on anti-money laundering compliance, reporting obligations, audits, and regulatory risk management
• Banks, Financial Institutions & Compliance Officers – Reporting entities, NBFCs, fintech companies, intermediaries, and compliance professionals who must adhere to record-keeping, reporting, and due diligence requirements under the Act
• Academics, Students & Researchers – Law students, researchers, and academicians studying financial crime, economic legislation, and regulatory enforcement
• Investigating & Enforcement Agencies – Officers associated with investigation, attachment, prosecution, and enforcement under the PMLA framework

The Present Publication is the 2026 Edition, covering the amended and updated text of the Prevention of Money-Laundering Act [Act No. 15 of 2003] and Rules, with the following noteworthy features:

• [Complete Bare Act Text] Presents the full and updated text of the Prevention of Money Laundering Act 2002, incorporating all amendments notified up to date
• [Section Notes & Explanatory Commentary] Each section is supported by concise notes explaining the scope, intent, procedural aspects, and practical implications of the provision
• [Updated Amendments] Reflects all significant legislative changes, including amendments relating to attachment of property, expanded scope of scheduled offences, reporting obligations, and enforcement powers
• [Pre-amendment Provisions] Includes the text of provisions as they stood prior to amendment in the respective amendment footnotes, enabling readers to understand the earlier legal position and transitional applicability
• [Incorporation of Key Rules & Notifications]
  • Prevention of Money Laundering Rules (as amended)
  • Relevant notifications, forms, and procedural instruments issued under the Act
• [Judicial References] Select references to important Supreme Court and High Court decisions interpreting critical provisions of the PMLA, aiding legal understanding and application
• [User-friendly Format] A systematic layout with marginal headings, clear sectioning, and an easy-to-navigate table of contents and subject index for quick reference
• [Practical Compliance Orientation] Clarifies obligations of reporting entities, powers of authorities, adjudication procedures, appellate remedies, and prosecution mechanisms

The structure of the book is as follows:

• Main Act – Each section of the Prevention of Money Laundering Act 2002 is presented in statutory order and followed by concise section notes highlighting legislative intent, scope, and procedural aspects
• Prevention of Money Laundering Rules – Complete text of the Rules governing record-keeping, reporting, verification, forms, and compliance obligations
• Notifications & Allied Provisions – Relevant statutory instruments issued under the Act
• Subject Index – A comprehensive subject index at the end of the book for quick and efficient navigation
• Reference Notes & Footnotes – Including amendment histories, pre-amendment texts, and cross-references to assist in interpretation