You are viewing the translated version of प्रस्तावना.
प्रस्तावना 0
Preamble
: Since it is desirable to make a legal provision regarding money laundering and financial investment in terrorist activities, the Legislature-Parliament has made this Act.
Money Laundering Prevention Act, 2063 (2008)
Preamble - 0
Chapter - 3
Section 6: No transaction in benami or fictitious nameSection 7: Shell Bank not to be established or operatedSection 7A: Customer must be identifiedSection 7B: Special provisions relating to the identification of high-ranking personsSection 7C: Identifying real wealthSection 7D: Risk must be identified, assessed and managedSection 7E: Comprehensive Customer Identification ArrangementsSection 7F: Simplified Customer Identification ArrangementsSection 7G: Provisions relating to the identification of existing customersSection 7H: Time to identify the customerSection 7I: Ongoing monitoringSection 7J: Customer identification and verification can be done by a third partySection 7K: New technology or non-self-present customer or transaction-related arrangementsSection 7L: Liability for Wire TransferSection 7M: Provisions relating to cross-border correspondent banking relationsSection 7N: Particular attention should be paid to special transactionsSection 7O: Not to be tradedSection 7P: Obligations of the indicator organizationSection 7Q: Liability of Branch Office or Subsidiary CompanySection 7R: Records to be preservedSection 7S: Suspicious Transaction Reporting
Chapter - 4
Section 8: Formation of National Coordination CommitteeSection 8A: Functions, Duties and Powers of the National Coordinating CommitteeSection 9: Financial Information UnitSection 10: Tasks, Duties and Rights of Financial Information UnitSection 10A: Section 10B: Confidentiality of information should be maintained
Chapter - 6
Section 13: AppealableSection 14: Preliminary investigationSection 15: Appointing or Designating Inquiry OfficerSection 16: Duties, Duties and Powers of Inquiry OfficerSection 17: Detention for investigationSection 18: Withholding or taking controlSection 19: Requesting the concerned countrySection 19A: Able to regularly monitor transactionsSection 19B: A passport or travel document may be withheldSection 19C: Able to adopt special research techniquesSection 20: To be kept safeSection 21: Assistance of related agencies can be takenSection 22: A lawsuit should be filedSection 23: LimitationSection 24: Being pro-governmentSection 25: Section 25A: To be sent in writingSection 26: Confidentiality not to be breachedSection 27: automaticallySection 28: Source of wealth to be provedSection 29: Prosecution and punishment will not be hindered
Chapter - 6B
Section 29E: Flow of information concerning terrorist individuals, groups or organizationsSection 29F: Designation as a terrorist individual, group or organizationSection 29G: Assets and funds should be immediately frozenSection 29H: Removal of name or release of property and fundsSection 29I: Sending in writing to the concerned countrySection 29J: Monitoring arrangementsSection 29K: Punishment of Violators
Chapter - 7
Section 30: Punishment for money laundering and financial investment in terrorist activitiesSection 31: Punishment for breach of privacySection 32: Punishment for Hiding or Destroying EvidenceSection 33: Punishment for those who object to obstructionSection 33A: Punishment for Harassment or HarassmentSection 34: Confiscation of property or instrument
Chapter - 8
Section 35: National Risk Assessment to be doneSection 36: Assets to be releasedSection 37: No punishment for giving informationSection 38: Can be sold by auctionSection 39: Departmental punishment will be imposed on the staff involved in the investigationSection 40: Provisions relating to compliance with deadlinesSection 41: Publication of NoticeSection 42: Explanation of intentionSection 43: Action and settlement of the case will not be hinderedSection 44: Punishment claims may be exemptedSection 44A: Notice or information not to be disclosedSection 44B: Special provisions relating to confidentialitySection 44D: Minimum expenses can be paidSection 44E: Computer-processed records admissible as evidenceSection 44F: Information to be given to the Ministry of Foreign AffairsSection 46: Power to make rulesSection 44C: To be transacted through a financial institution or banking instrumentSection 45: AwardingSection 47: Can issue guidelines