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of <h1>Amendments to Prevention of Money-laundering Act expand scope, redefine offenses link, and enhance enforcement and bail provisions.</h1> The amendments to the Prevention of Money-laundering Act, 2002, aim to expand its scope and enhance enforcement. Key changes include allowing action against properties equivalent to crime proceeds held abroad and adjusting timelines for proceedings affected by court stays. The amendments also empower Special Courts in bail matters, redefine the link between scheduled offenses and money laundering, and introduce lenient bail provisions for minor offenses. Authority powers are expanded, including information sharing with other agencies. Additionally, the amendments incorporate corporate fraud under the Companies Act, 2013, into the Schedule to strengthen measures against financial crimes.
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