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Certificate Course on Prevention of Money Laundering Act, 2002

In Association with

School of Law, D.Y. Patil deemed to be University, Navi Mumbai

About Into Legal World Institute

Into Legal World, a unit of Parivritt Enterprises Private Limited, a company registered under the Companies Act of 2013, which is recognised by Ministry of Corporate Affairs, and Department of IT & Electronics, GoUP through its nodal agency Uttar Pradesh Electronics Corporation Ltd. (UPLC). Into Legal World is also a part of Skill India Initiatives. The organization earns recognition from the International Trade Council. The organization has a reputation for providing professional certification courses, publications, and legal consultancy.

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About School of Law, D.Y. Patil Deemed to be University, Navi Mumbai

DY Patil Deemed to be University, School of law is an institute where our end goal is to make our students industry ready. The learning ambiance at SOL provides ample opportunity to our students to enhance Legal acumen and to develop one’s personality for a challenging future. Student managed committees, new initiatives and social development/ voluntary programs are some of the diverse activities that students are engaged in at the department. This provides students with a wider perspective on the concepts taught in the classroom. A unique feature of this program is the interplay between classroom activities, fieldwork, and legal interactions. The degree of rigorous interplay coupled with a strong emphasis on quantitative tools increases gradually with each
semester as the student moves from the foundation areas to specialized areas of Law and Jurisprudence. In all our activities as a School of Law, the DYPSOL always endeavours to link with the Legal fraternity, Law Firms, and shoulder social responsibilities. It is our earnest effort to create individuals who will fortify the Indian Judiciary system with their acquired knowledge at our University. Our excellent faculty discounts no efforts in making the students able advocates, solicitors, and attorneys.

 

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“Money laundering is a very sophisticated crime and we must be equally sophisticated.”         

—Janet Reno, while serving as Attorney General of the U.S. (1993- 2001)​​

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Course Overview

Money laundering is the process of disguising illegally obtained money as legitimate income. Criminals use various methods to introduce illicit funds into the financial system, making it difficult to trace the original source. This not only affects the economy but also fuels corruption, terrorism, and organized crime. To combat this, India enacted the Prevention of Money Laundering Act (PMLA), 2002, which provides a legal framework to detect, prevent, and prosecute money laundering activities. Into Legal World presents this “Certificate Course on Prevention of Money Laundering Act, 2002” in association with School of Law, D.Y. Patil deemed to be University, Navi Mumbai , to provide a clear and practical understanding of how money laundering works and how the law combats it. This course explores the key provisions of the PMLA, 2002, its amendments, and its real-world application. Participants will learn about global anti-money laundering (AML) frameworks, the role of enforcement agencies, and compliance requirements for financial institutions.

COURSE OBJECTIVES

  • To elucidate the complexities of money laundering processes and the global initiatives to counteract them.

  • To provide a detailed analysis of the Prevention of Money Laundering Act, 2002, including its amendments and practical applications.

  • To explore the roles and responsibilities of various entities under the PMLA.

  • To examine the intersection of the PMLA with other national and international laws, treaties, and regulations.

  • To analyze real-world case studies and emerging trends in money laundering.

POINTS TO REMEMBER

  1. ·       To be launched from 1st May 2025

  2. ·       Fee: For Students: 2000/- INR , For Professionals/Advocates/Govt. Employees: 2500/- INR

  3. ·       Early Bird Offer (Valid till 15th April 2025): For Students: 1500/- INR, for Professionals and Advocates: 2000/- INR

  4. ·       Time frame: 15 classes.

  5. ·       Access to our high-quality SMART Notes essentially designed for the course.

  6. ·       Live classes: 4 days a week at 8 PM.

  7. ·       Freelance project assistance.

  8. ·       Recorded Lectures: Available on ILW Institute App.

  9. ·       Certificate of internship with ILW is also available with this course.

COURSE STRUCTURE

Module 1. Introduction to Money Laundering

  • Historical context and evolution of money laundering practices

  • Definition and stages of money laundering

  • Global impact and challenges

  • Role of the Financial Action Task Force (FATF)

 

Module 2. Overview of the Prevention of Money Laundering Act (PMLA) 2002

  • Historical background and need for the Act

  • Objectives and key provisions of PMLA

  • Definition of the offense of money laundering (Section 3)

  • Punishment for money laundering (Section 4)

  • Explanation of "proceeds of crime"

  • Amendments and recent developments

 

Module 3. Investigation and Enforcement Mechanisms under PMLA

  • Powers of authorities: Attachment, search, and seizure

  • Role of the Enforcement Directorate (ED) and Financial Intelligence Unit-India (FIU-IND)

  • Investigation procedures and prosecution processes

  • Burden of proof and its implications

  • Penalties and sanctions for non-compliance​

Module 4: Obligations of Reporting Entities

  • Roles and responsibilities of banking companies, financial institutions, and intermediaries

  • Compliance requirements: KYC and enhanced due diligence, Reporting suspicious transactions and penalties

 

Module 5: Judicial Framework under PMLA

  • Role of the Adjudicating Authority and Appellate Tribunal

  • Special Courts 

  • Appeal and revision procedures

 

Module 6: International Cooperation and International Standards

  • Agreements with foreign countries (Section 56-61)

  • PMLA's alignment with global AML  standards

  • India's participation in FATF

  • Comparative analysis with AML laws in other jurisdictions

 

Module 7. Emerging Trends and Challenges in Money Laundering

  • Digital currencies and virtual assets

  • Trade-based money laundering

  • Use of shell companies and offshore accounts

  • Intersection of PMLA with other laws (Eg. IBC, SARFAESI, Companies Act)

  • Case studies

 

Module 8: Role of Technology in AML

  • Technological tools for transaction monitoring and data analysis

  • Artificial Intelligence (AI) and Machine Learning (ML) applications in AML

  • Challenges of cybersecurity in AML efforts

WHO SHOULD ATTEND??

·       Law students (including LL.M.) or recent graduates.

·       Advocates.

·        Paralegals and Legal Assistants

·       Legal Educators and Academicians

·       Anyone interested in pursuing this course.

CERTIFICATION

Participants who successfully complete the course requirements, including assessments and assignments, will be awarded a certificate of completion in “Prevention of Money Laundering Act, 2002” issued by D.Y. Patil deemed to be University and ILW Institute. This recognition of your efforts and achievements will not only enhance your professional profile but also demonstrate your commitment to industry best practices.

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Authenticity of Certificate: Certificate will be granted by School of Law, D.Y. Patil deemed to be University and Into Legal World Institute.

FACULTIES

Interested but confused about the course!Feel free to reach out to us at 8182044727 or admin@intolegalworld.com

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