[Advt.] Certificate Course On The Prevention Of Money Laundering Act 2002 By Into Legal World Institute & School Of Law, D.Y. Patil Deemed To Be University, Navi Mumbai

DY Patil Deemed to be University, School of Law (SOL), is dedicated to preparing students for the legal industry by fostering an environment that enhances their legal acumen and overall personality development. The institution provides a dynamic learning ambiance, offering students ample opportunities to engage in student-managed committees, innovative initiatives, and social development programs. These activities complement classroom learning by broadening students' perspectives on legal concepts.

A distinctive feature of the program is the interplay between classroom education, fieldwork, and legal interactions. As students progress through the curriculum, the rigorous integration of theoretical knowledge with practical application increases, emphasizing specialized areas of law and jurisprudence. Additionally, a strong focus on quantitative tools ensures a comprehensive legal education.

The School of Law consistently strives to build connections with the legal fraternity, law firms, and social responsibility initiatives. The institution is committed to producing legal professionals who contribute meaningfully to the Indian judiciary system. With the guidance of an exceptional faculty, students are meticulously trained to become skilled advocates, solicitors, and attorneys, equipped to excel in the ever-evolving legal landscape.

Course Overview

“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)

​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

• To be launched from 1st May 2025
• Registration Fee: For Students: 2000/- INR , For Professionals/Advocates/Govt. Employees: 2500/- INR
• Early Bird Offer (Valid till 30th April 2025): For Students: 1500/- INR, for Professionals and Advocates: 2000/- INR
• Time frame: 20 classes.
• Access to our high-quality SMART Notes essentially designed for the course.
• Live classes: 4 days a week at 8 PM.
• Freelance project assistance.
• Recorded Lectures: Available on ILW Institute App.
• 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.

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

Faculty Details:

1. Ritwik Kumar Mittal, Advocate Supreme Court of India
Formerly - Enforcement Directorate,
Ministry of Finance, New Delhi
Partner at Law Firm, New Delhi.
Eminent Faculty - CDTI, BPR&D, MHA, New Delhi

2. Adv Arvind Gupta, AOR, Supreme Court of India, Executive Member, AIBA-NCDRC,

3. Advocate Rajat Jain, Associate Partner, Vaish Associates.Supreme Court and High Courts, (Guest Faculty)

Registration Link: https://rzp.io/rzp/Ct3F6ATX

Other courses: https://www.intolegalworld.com/ourcourses

Official notification: https://www.intolegalworld.com/pmla

Feel free to reach out at 8182044727 or admin@intolegalworld.com

For more details refer to the brochure here.