Money Laundering Act

THE PREVENTION OF MONEY-LAUNDERING (AMENDMENT)ACT, 2009 NO. 21 OF 2009 [6th March, 2009.] An Act further to amend the Prevention of Money-laundering Act, 2002. BE it enacted by Parliament in the Sixtieth Year of the Republic of India as follows:@ 1. ! Short title and commencement. ! 1. Short title and commencement. – (1) This Act may be called the Prevention of Money-laundering (Amendment) Act, 2009. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint. @ 2. % Amendment of section 2. ! 2. Amendment of section 2. - In section 2 of the Prevention of Money-laundering Act, 2002 (hereinafter referred to as the principal Act), in sub-section (1),(i) after clause (d), the following clause shall be inserted, namely:- '(da) ''authorised person'' means an authorised person as defined in clause (c) of section 2 of the Foreign Exchange Management Act, 1999;'; (ii) after clause (j), the following clause shall be inserted, namely:- '(ja) ''designated business or profession'' means carrying on activities for playing games of chance for cash or kind, and includes such activities associated with casino or such other activities as the Central Government may, by notification, so designate, from time to time;'; (iii) in clause (l), for the words ''a non-banking financial company'', the words ''an authorised person, a payment system operator and a non-banking financial company'' shall be substituted; (iv) in clause (q), after the words and figures ''Reserve Bank of India Act, 1934'', the words ''and includes a person carrying on designated business or profession'' shall be inserted; (v) after clause (r), the following clauses shall be inserted, namely:- '(ra) ''offence of cross border implications'', means- (i) any conduct by a person at a place outside India which constitutes an offence at that place and which would have constituted an offence specified in Part A, Part B or Part C of the Schedule, had it been