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of <h1>Amendments to Prevention of Money-laundering Act: Clause 171 Raises Threshold, Defines Overseas Property Value in 2015 Finance Bill.</h1> Clause 171 of the Finance Bill, 2015 proposes amendments to the Prevention of Money-laundering Act, 2002. It modifies section 2, sub-section (1) by adding to clause (u) that property held outside the country will have an equivalent value within the country. Additionally, it revises clause (y) by increasing the monetary threshold from thirty lakh rupees to one crore rupees. These changes aim to enhance the definitions related to property and financial thresholds in the context of money laundering regulations.
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