Prevention of Money Laundering Act

The Prevention of Money Laundering Act (PMLA) is a cornerstone in India’s fight against financial crimes and terrorism financing. It imposes strict obligations on banks, financial institutions, and intermediaries to maintain records, verify customer identities, and report suspicious transactions. Violations can result in serious penalties, confiscation of property, and criminal prosecution.

At Lex Clava, we provide comprehensive support on PMLA matters, assisting clients in compliance, reporting, and regulatory audits. Our team represents individuals, corporations, and financial entities in investigations, enforcement proceedings, and litigation arising from alleged money laundering activities. We also advise on managing exposure in high-risk sectors such as forex, real estate, and financial services.

We combine legal expertise with a practical approach to safeguard client interests. Whether defending in proceedings, advising on compliance frameworks, or mitigating regulatory risks, Lex Clava ensures that clients navigate the stringent provisions of the PMLA effectively while protecting their businesses and reputation.