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How recent amendments to the money laundering law added to Chidambaram’s troubles

Updated : September 09, 2019 02:28 PM IST

Finance Bill, 2019 contained eight important amendments to the Prevention of Money Laundering Act (PMLA), 2002.
One of the amendments expanded not only the scope of the offence of ‘money laundering’, but also the ambit of 'proceeds of crime'.
Inclusion of “in any manner whatsoever” in the explanation is telling, as it gives investigating authorities a wider latitude.
How recent amendments to the money laundering law added to Chidambaram’s troubles

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