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of <h1>Finance Bill 2015 proposes amendments to Foreign Exchange Management Act for alignment with Money Laundering Act changes.</h1> Section 18 of the Foreign Exchange Management Act, 1999, is amended by inserting the words 'Competent Authorities' after 'Adjudicating Authorities.' Clauses 166 and 170 of the Finance Bill, 2015, propose amendments to sections 18, 34, 46, and 47 of the Act. These changes are consequential to amendments in Part VII of the Prevention of Money Laundering Act, 2002.
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