Your complete, plain-language guide to the Prevention of Money Laundering Act. Start here to understand how the ED works — the ECIR, summons, search, arrest, attachment, bail and trial — and follow the links to detailed guides on each stage, plus case laws, compliance, and answers to the questions people ask most.
PMLA compliance is no longer just a banking concern. Since 2023, it reaches crypto platforms, fintechs, and even chartered accountants and company secretaries. Every reporting entity must verify clients, keep records, and report suspicious transactions to FIU-IND under Section 12. This practitioner’s guide explains, in simple language, who is a reporting entity, the KYC and record-keeping duties, the different reports (STR, CTR and more), the 2023 amendments, and the penalties for getting it wrong — so your business stays on the right side of the law.