Offence of wilful tax, penalty or interest evasion added to money laundering schedule via amendment statute.

The amendment adds in Part C of the Schedule to the Prevention of Money Laundering Act, after the entry on offences against property, a specific entry identifying the offence of wilful attempt to evade any tax, penalty or interest referred to in section 51 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 as an offence within the Schedule, thereby classifying deliberate evasion of those liabilities as a schedule offence for money laundering purposes.

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