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What is a `scheduled offence’ ?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Anonymous asked about 2 years ago

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4 Answers
Picsjoin 2017224123730582 Archana answered about 2 years ago

Hie Sonu, - Scheduled offence means an offence specified under Part A or Part C of the Schedule of the Prevention of Money Laundering Act, 2002 - Scheduled offences are the activities that have been deemed illegal by law. For example robbery, homicide, tax evasion etc.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 megha answered about 2 years ago

Hello, **In simple language, Scheduled offences are the activities that have been deemed illegal by law.** ****`In India`****, the offences listed in the Schedule to the Prevention of Money Laundering Act, 2002 are scheduled offences in terms of Section 2(1)(y) of the Act. **`The scheduled offences are divided into two parts - Part A & Part C.`** **In part A, offences to the Schedule have been listed in 28 paragraphs and it comprises of** • offences under Indian Penal Code, • offences under Narcotic Drugs and Psychotropic Substances, • offences under Explosive Substances Act, • offences under Unlawful Activities (Prevention) Act, • offences under Arms Act, offences under Wild Life (Protection) Act, • offences under the Immoral Traffic (Prevention) Act, • offences under the Prevention of Corruption Act, • offences under the Explosives Act, offences under Antiquities & Arts Treasures Act etc. **Part ‘C’ deals with trans-border crimes, and is a vital step in tackling Money Laundering across International Boundaries.** Prior to 15th February, 2013, i.e., the date of notification of the amendments carried out in PMLA, the Schedule also had Part B for scheduled offences where the monetary threshold of rupees thirty lakhs was relevant for initiating investigations for the offence of money laundering. However, all these scheduled offences, hitherto in Part B of the Schedule, have now been included in Part A of Schedule w.e.f 15.02.2013. Consequently, there is no monetary threshold to initiate investigations under PMLA. Thanks & Regards

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Open uri20170510 32134 1c996lj?1494421732 Anil answered about 2 years ago

The scheduled offences are listed in to the Prevention of Money Laundering Act, 2002 are scheduled offences in terms of Section 2(1)(y) of the Act. With the amendment of the Act in 2009, a large number of offences have been included in the Schedule of the Act. The scheduled offences are divided into three parts – Part A, Part B, & Part C.In Part A, certain serious offences such as those connected with waging war against the Nation, circulation of Fake Indian Currency Notes, offences relating to Narcotic Drugs, etc. have been included, wherein no monetary limit for initiating action under PMLA has been prescribed.In relation to offences under Part ‘B’ of the schedule, the value involved should be Rs 30 Lakhs or More.Part `C’ of the Schedule deals with trans-border crimes, and is a vital step in tackling Money Laundering across international boundaries

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Open uri20170510 32134 ivjxpn?1494421728 Shreedhar Sutar answered about 2 years ago

Hi Sonu, Scheduled offence means an offence specified under Part A or Part C of the Schedule of the Prevention of Money Laundering Act, 2002. In part A, offences to the Schedule have been listed in 28 paragraphs and it comprises of offences under Indian Penal Code, offences under Narcotic Drugs and Psychotropic Substances, offences under Explosive Substances Act, offences under Unlawful Activities (Prevention) Act, offences under Arms Act, offences under Wild Life (Protection) Act, offences under the Immoral Traffic (Prevention) Act, offences under the Prevention of Corruption Act, offences under the Explosives Act, offences under Antiquities & Arts Treasures Act etc. Part ‘C’ deals with trans-border crimes, and is a vital step in tackling Money Laundering across International Boundaries. Prior to 15th February, 2013, i.e., the date of notification of the amendments carried out in PMLA, the Schedule also had Part B for scheduled offences where the monetary threshold of rupees thirty lakhs was relevant for initiating investigations for the offence of money laundering. However, all these scheduled offences, hitherto in Part B of the Schedule, have now been included in Part A of Schedule w.e.f 15.02.2013. Consequently, there is no monetary threshold to initiate investigations under PMLA

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