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Money Laundering is the process through which black money is converted into white money i.e. legitimate money. Such funds are used for various anti-social activities such as terrorism etc. In order to prevent that, the PMLA Act was passed in the year 2002 and it has the authority to also seize property obtained from the illegal money. It came into force in 2005. The PLMA has been amended three times, that is, in 2009, 2009 and 2012. The provisions of this act are applicable to all financial institutions, banks (Including RBI), mutual funds, insurance companies, and their financial intermediaries.
Which Governor-General of British India helped Raja Ram Mohan Roy legally abolish the sati practice?
Under the PMAY-G scheme(Pradhan Mantri Gramin Awas Yojana) is selected by the government using a process that makes use of the Socio-Economic Caste Cens...
Which microorganism among the following causes Cholera?
Which of the following is India's 29th state?
In which of the following states is the ‘Zojila’ pass situated?
Where was the Convocation Ceremony of the 146th course of the National Defence Academy (NDA) held on May 23, 2024?
Sammakka-Sarakka Jatara is celebrated in which of the following states of India?
What is the capacity of the recently commissioned supercomputer Param Pravega under the National Supercomputing Mission?
When was the Hindustan Republican Association formed?
India is celebrating 50 years of the tiger project, in the initial years of the Tiger project, there were only nine tiger reserves in India. How many ti...