In India, the punishment for money laundering is governed by the Prevention of Money Laundering Act, 2002 (PMLA). Money laundering is considered a serious offense, and the PMLA aims to combat money laundering activities by imposing stringent legal measures. Key features regarding the punishment for money laundering in India under the PMLA include: Criminal Offense: Money laundering is treated as a criminal offense under the PMLA. Punishment for Money Laundering: The punishment for the offense of money laundering is specified under Section 4 of the Prevention of Money Laundering Act. According to this section: The punishment is imprisonment for a term of three to seven years, and a fine may also be imposed. If the laundered property involves a crime related to narcotics, the punishment can extend to a term of up to ten years. Attachment and Confiscation of Proceeds of Crime: The PMLA empowers authorities to attach and confiscate the proceeds of crime, which includes property derived or obtained directly or indirectly from the act of money laundering. Enhanced Punishment: In certain cases, where the offense involves a large amount of money or is linked to certain predicate offenses, the punishment for money laundering can be more severe. Adjudicating Authorities and Appellate Tribunal: The Act establishes adjudicating authorities to hear cases related to attachment and confiscation of property, and it provides for the establishment of an Appellate Tribunal to hear appeals against the orders of the adjudicating authorities. International Cooperation: The PMLA facilitates international cooperation in matters related to money laundering, including the exchange of information with other countries and entities. It's important to note that the enforcement and interpretation of laws can evolve, and it's advisable to refer to the latest legal provisions or consult legal professionals for the most current information regarding the punishment for money laundering in India. Money laundering laws are designed to deter illicit financial activities and ensure the integrity of the financial system.