India: Money Laundering

In April 2020, amid concerns regarding opportunistic acquisitions during the COVID-19 pandemic, the Department for Promotion of Industry and Internal Trade (“DPIIT”), Government of India, issued Press Note 3 (2020 Series) (“PN3 2020”). PN3 2020 fundamentally altered India’s foreign direct investment (“FDI”) framework by requiring government approval for investments originating from countries sharing land border with India.

We are delighted to share this month's AKP Dispute Resolution Monthly Digest.

On 10 March 2026, the Government of India issued a press release (Press Release) indicating that Union Cabinet (Cabinet) has approved amendments to the foreign direct investment (FDI) regime in India with respect to for investments into India with beneficial ownership originating from countries sharing land borders with India (LBCs) under a regulation known as "Press Note 3" (PN3).

Therefore, if proceeds are generated as a result of a scheduled offence and such proceeds are being laundered or there is an attempt to launder them, the offence of money laundering is being committed.

The Indian art market functions through two overlapping but distinct spaces – the primary market, where emerging and established artists sell their works (often through private galleries), and the secondary market...

The International Financial Services Centres Authority (IFSCA) to continue its steady recalibration of India's offshore financial regulatory framework with the issuance of a circular dated 2nd January 20261...

The Prevention of Money Laundering Act, 2002 (PMLA) (hereinafter referred to as the "Act") was enacted for the objective of curbing the serious economic threat of money laundering.

The government has redoubled its efforts to bring online gaming platforms within the ambit of the Prevention of Money Laundering Act, 2002 (PMLA). This follows concerns about unaccounted for funds...

The Virtual Currency Regulation Review offers a comparative analysis of the legal and regulatory frameworks governing virtual assets across multiple jurisdictions.