What is the current law against money laundering in Telangana? What penalties apply to someone lending money without a license in the state?

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Law Forum › Category: Criminal › What is the current law against money laundering in Telangana? What penalties apply to someone lending money without a license in the state?
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Apni Law Staff asked 12 months ago

What is the current law against money laundering in Telangana? What penalties apply to someone lending money without a license in the state?

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Apni Law Staff answered 12 months ago

Telangana follows the Prevention of Money Laundering Act, 2002 (PMLA), which criminalizes money laundering activities. Lending money without a license in Telangana is a violation of the Reserve Bank of India Act, 1934 and can lead to penalties like fines, imprisonment, or both.

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