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Comment: Indian enforcement agency gets power uptick following court's AML ruling

By Freny Patel ( August 10, 2022, 08:03 GMT | Comment) -- A court ruling upholding recent changes to India’s anti-money laundering law has been a boon for the country’s financial-crime enforcer, which has been vigorously using the legislation to pursue a wide range of financial crimes. However, the Supreme Court of India’s ruling on the controversial 2019 provisions of the Prevention of Money Laundering Act has been labeled as “dangerous” by opposition political parties, amid fears that the government will use tough enforcement powers and shift the burden of proof to defendants to pursue its opponents.India’s increasingly assertive financial crime-fighting agency received a shot in the arm last month when the country’s top court upheld recent amendments to the anti-money laundering legislation....

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