Question
Which of the following is considered a “scheduled
offence” under PMLA?Solution
As per Section 2(1)(y) of the PMLA, a “scheduled offence” refers to an offence listed in the Schedule to the Act. This includes serious crimes like narcotic drug trafficking, terrorism, corruption, arms trafficking, etc. Offences under the Narcotic Drugs and Psychotropic Substances Act, 1985 are specifically included in Part A of the Schedule, making narcotic trafficking a predicate offence for money laundering proceedings.
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2...
