PMLA (Prevention of Money Laundering Act)

byPaytm Editorial TeamLast Updated: November 14, 2025

Meaning

The Prevention of Money Laundering Act, 2002 (PMLA), helps prevent and punish money laundering in India. It ensures that illegally earned money is not disguised as legitimate income.

Objective

It empowers authorities to track, seize, and confiscate assets gained from crime or fraud.

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

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