Central government expands the scope of Prevention of Money-laundering Act, 2002


The Central Government vide notification dated 29th November, 2022 has clarified that a person engaged in providing services in relation to sale or purchase of real estate and having annual turnover of Rupees twenty lakhs and above, shall qualify as a “person carrying on designated business or profession” for the purposes of the Prevention of Money-laundering Act, 2002.

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