knowledge questions magazine in english EXTREMISM AND TERRORISM 4.1.1. PREVENTION OF MONEY LAUNDERING ACT (PMLA) Why in news? Recently Supreme Court upheld the core amendments made to the Prevention of Money Laundering Act (PMLA) 2002. More on news SC verdict came on challenge raised against amendments introduced to PMLA 2002 by way of Finance Act in 2019.Amendments to PMLA provided Enforcement Directorate (ED) extensive powers of summons arrest and raids and makes bail provisions difficult while shifting burden of proof of innocence onto accused rather than prosecution. knowledge quest magazine subscription Other Key observations made by SC in Vijay Madanlal Choudhary Vs Union of India case Specifications Detail Money Laundering is not a standalone offence Moneylaundering not only affects social and economic fabric of nation but also tends to promote other heinous offences such as terrorism offences related to Narcotic Drugs and Psychotropic Substances Act (NDPS) 1985 etc.knowledge quest magazine subscription details
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