Delhi HC to Hear on Monday Plea Against Inclusion of CAs Under Money Laundering Law

The plea said by including CAs and other professionals within the definition of “reporting entities” under the Prevention of Money Laundering Act (PMLA), “onerous obligations” have been put on them with consequences of noncompliance leading to criminal prosecution, and it virtually makes such professionals engage in “policing” their own clients with whom they interact in fiduciary capacity

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