Central Government directions govern authorities' jurisdiction and allocation of anti money laundering functions across specified criteria. Authorities under the Prevention of Money Laundering Act must exercise powers and perform functions in accordance with directions issued by the Central ... Summary
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Central Government directions govern authorities' jurisdiction and allocation of anti money laundering functions across specified criteria.
Authorities under the Prevention of Money Laundering Act must exercise powers and perform functions in accordance with directions issued by the Central Government. In issuing those directions the Central Government may have regard to criteria including territorial area, classes of persons, classes of cases, or any other specified criterion, thereby allocating jurisdiction and regulatory competence among authorities.
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