In a fast-changing regulatory environment, complying with domestic and international money laundering laws and regulations is an ongoing challenge for individuals and corporates. The anti-money laundering (AML) requirements are also becoming increasingly complicated and comprehensive in India.

Besides the amendments to Prevention of Money Laundering Act, 2002 (PMLA), the Government of India has recently enacted the stringent Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (UFIA) to deal with the undisclosed assets and income stashed abroad by a person resident in India.

Our Firm provides guidance to the clients in the areas concerning PMLA, UFIA, Indian Penal Code, Prevention of Corruption Act in order to enable them to develop a hassle free business model. Our Firm has also advised clients to address concerns which involves complex issues of applicability, disclosures, compliance, reporting requirements under the new legislation.

Advising on the Black Money Act involves constant monitoring of AML developments, due consideration of tax laws and other domestic as well as international statues. Our Firm is in partnership with trusted national and international consultants and we provide a single point solution to ensure compliances under relevant statues.