Money Laundering : Decoding the Law & Measures of Prevention

The statute of Money Laundering i.e., the Prevention of Money Laundering Act, 2002 has been enacted to combat money laundering in India. It has the following three aims:

To prohibit and control money laundering;
To provide for the confiscation and seizure of property obtained through money laundered; and
To deal with any other issue connected with money laundering in India.

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Beginner

Level

English

Language

6 Months

Duration

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Who Should Take This Course?

Bankers
Banking Lawyers
Enforcing agencies
Managers across sectors
Officers involved in conducting investigations
Officers from disciplinary cells and vigilance departments
Lawyers
Students/Law students
Anyone, who is interested in this field

Evaluation Method

Progress will be tested by way of quizzes and assignments at the end of each Module. Learners must attempt the exam at the end of the course and secure at least 50% marks to obtain course certificate.

Course Outcome:

After completing this course, you will be able to:

Examine and analyze the various factors which play an important role in the investigation of the offence of money laundering.
Appreciate the need of statutes to govern such economic offences.
Trace the steps involved in detecting money laundering.
Identify the channels used for conducting the offence.
Understand the loopholes exploited for illicit gains by unscrupulous criminals.

Course Outline:

Module 1 – The Law of Money Laundering
Module 2 – Bilateral and Reciprocal Agreements
Module 3 – Special Obligations of Banking Institutions, Banking Companies, Financial Institutions and Intermediaries
Module 4 – Judicial Efforts to curb the Offence of Money Laundering
Module 5 – Conclusion
Certification Exam/ Assessment

About the Author

Poli Kataki did her LLB from the Delhi University and Masters in Business law from NLSIU, Bangalore. She is an Advocate on Record, Supreme Court of India. Poli has wide ranging experience in the matters related to Commercial Laws, Company Laws, Customs and Excise, Arbitration Laws, etc. She has attended various seminars and conferences at the National and International level. Her contribution towards drafting the guidelines pertaining to Darjeeling being covered under the sixth schedule area has been widely recognized. She has also been appointed as a Local Commissioner by the Delhi High Court in a Company Petition and has been involved in the Drafting, Settling and Vetting of contracts of different nature such as Rent Agreement, Sale Deed, Memorandum of Incorporation, etc. The Instructional Design of the Course has been done by Team LawSkills.