What steps have been taken by the Government of India to tackle the menace of Money Laundering?
Government of India is committed to tackle the menace of Money Laundering and has always been part of the global efforts in this direction. India is signatory to the following UN Conventions, which deal with Anti Money Laundering / Countering the Financing of Terrorism : 1. International Convention for the Suppression of the Financing of Terrorism (1999) 2. UN Convention against Transnational Organized Crime (2000) 3. UN Convention against Corruption (2003) In pursuance to the political Declaration adopted by the special session of the United Nations General Assembly (UNGASS) held on 8 to 10 June 1998 (of which India is one of the signatories) calling upon member states to adopt Anti Money Laundering Legislation & Programme, the Parliament has enacted a special law called the Prevention of Money Laundering Act, 2002 (PMLA 2002). This Act has been substantially amended, by way of enlarging its scope, in 2009 (w.e.f. 1.6.2009), by enactment of Prevention of Money Laundering (Amendment) A
