The growing cases of bribery and corruption, corporate and accounting scams, mortgage and insurance frauds, insider trading and money laundering have given rise to a new sphere of legislations including but not limited to the Prevention of Money Laundering Act (“PMLA”) in India, the Bribery Act (“UKBA”) in United Kingdom, the Foreign Corrupt Practices Act (“FCPA”) in United States of America. We at BLA recognize and comprehend the growing categories of white collar crimes and its impact alongwith the risks involved in the running of ever-complicated businesses.
In India the PMLA has the serious implications for the Banks, Financial Institutions, NBFCs and other corporate entities. We have been handling the matters/complaints/appeals under this Act before the adjudicating as well as the appellate authorities specifically designated to deal with the money laundering matters. Further we also provide advice to our clients in connection with the implications of the Act and the restrictions under which the corporates have to perform in compliance with the provisions of the Act.
Our Partners have various material reported judgments, by the Appellate Tribunal, PMLA, in relation to the rights of the secured creditors including the banks and other financial institutions.
