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Section 4: Punishment for money-laundering.

The Prevention of Money-Laundering Act, 2002Central Act · Act 15 of 2003

Whoever commits the offence of money-laundering shall be punishable with rigorous imprisonment for a term which shall not be less than three years but which may extend to seven years and shall also be liable to fine ***:

Provided that where the proceeds of crime involved in money-laundering relates to any offence specified under paragraph 2 of Part A of the Schedule, the provisions of this section shall have effect as if for the words "which may extend to seven years", the words "which may extend to ten years" had been substituted.

Where this provision sits

ActThe Prevention of Money-Laundering Act, 2002
Section4
Marginal notePunishment for money-laundering.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it88

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • omitted. . The words "which may extend to five lakh rupees" omitted by s. 4, ibid. (w.e.f. 15-2-2013).

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