Prevention of Money Laundering Act, 2002 – A Commentary (Second Edition)

• Revised and fully updated section-wise commentary covering all the landmark judicial
  decisions
• The seminal decision in Vijay Madanlal Choudhary has been discussed in detail and
  analysed meticulously.
• Exhaustively deals with all the key aspects of the PMLA, 2002.
• Includes the Act, Rules, and important Notifications.
• Updated developments at the international level in Financial Action Task Force.
• Insight into the offence of money-laundering and its ever-evolving legal and regulatory
  framework.
• Thoroughly deals with all the definitions of Scheduled Offences drawn from various
  legislations.
• Crucial learnings and techniques to benefit investigators and defence counsels in meeting
  their mandates in a PMLA case.
• Useful for practitioners, judges, enforcement agencies, investigators, academics and
  students

About the Authors:

Mr Somesh Arora has the distinction of being the first Judicial Member, CESTAT who has a prior distinguished service with the Indian Revenue Services spanning over 25 years followed by being a practising lawyer. In his previous role he has been associated with various organizations in the Government of India including the Ministry of Finance and Ministry of Commerce. He is a practicing advocate since 2009 with specialisation in the areas of money laundering and taxation. He has also worked in various premier investigating agencies and has successfully conducted some of the leading Service Tax, Customs, Excise and FEMA investigations. He has published several articles in leading legal and tax journals and has to his credit four prior publications.

Mr Salil Arora is a practising lawyer specialising in tax and corporate law. He has also been an adjudicating lawyer in PMLA matters and has worked at the PMLA Tribunal. He is an innovative lawyer excelling in legal management, keen on bringing new legal concepts and areas of practice in India. He is presently working on initiating money laundering compliance audit in India, as well as strengthening IPR audit and introducing valuations of IPR assets. A multi-faceted practitioner, he is a B.A. LL.B. (Hons.), PG Diploma in Corporate law, Cyber-crime investigator certified by the Asian School of Cyber laws, and WIPO certified IPR expert.