(a) whether the Enforcement Directorate (ED) proposes amendments in the Prevention of Money Laundering Act 2002 (PMLA) at par with the Act prevalent in Australia and United Kingdom;
(b) if so, the details thereof and the reasons therefor;
(c) the total amendments proposed to be made in the PMLA; and
(d) the time by which the said amendments are likely to be implemented?
The MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI SHIV PRATAP SHUKLA)
(a) & (b) No, Madam. While proposing amendments’ to the Prevention of Money-laundering Act, 2002 (PMLA), the money laundering laws of other countries were examined and considered to gather knowledge for background guidance only.
(c) & (d) Amendments have been proposed in seven sections and are in schedule to PMLA vide Finance Bill, 2018.