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of <h1>Money Laundering Penalties: 3-7 Years Imprisonment, Up to 10 Years for Specific Crimes Under Prevention of Money-Laundering Act.</h1> Under the Prevention of Money-Laundering Act, 2002, individuals found guilty of money laundering face rigorous imprisonment ranging from a minimum of three years to a maximum of seven years, along with a potential fine. However, if the money laundering involves proceeds from crimes listed in paragraph 2 of Part A of the Schedule, the maximum imprisonment term extends to ten years. The provision for fines was removed following an amendment in 2012.
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