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of <h1>Key Amendments to Prevention of Money-laundering Act: Abroad Activities, Time Limit Clarifications, Property Claims, and Fraud Provisions</h1> Amendments to the Prevention of Money-laundering Act, 2002, through the Finance Act, 2018, include several key changes. Section 2 now encompasses activities 'abroad.' Section 5 adjustments clarify the exclusion of stay periods by the High Court in calculating time limits, and corrections in sub-section references. Section 8 allows property restoration claims during trials. Section 19 introduces 'Special Court' references. Section 45 revises imprisonment terms and includes exceptions for minor offenses. Section 50 changes authority designations, while Section 66 mandates information sharing for legal contraventions. A new paragraph in the Schedule addresses fraud under the Companies Act, 2013.
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