<h1>Government Amends Prevention of Money-laundering Act; Bullion Traders Seek Exclusion for Gems and Jewelry Sector.</h1> The government has amended the Prevention of Money-laundering Act, 2002, aiming to enhance the legislative and administrative framework to combat money laundering and terrorism financing. Bullion traders have requested that the gems and jewelry sector be excluded from the Act's scope. The amendment imposes reporting obligations on those in designated businesses and professions, including dealers in precious metals and stones, which will be notified by the Central Government. Currently, these sectors have not been notified. This information was provided by a government official in a written response to a parliamentary question.