Supreme Court’s review of PMLA may delay trials

The Supreme Court’s decision to review the Prevention of Money Laundering Act for the second time may cause delays in trials of money laundering cases. This could impact India’s ongoing proceedings with the Financial Action Task Force (FATF), which is evaluating the country’s anti-money laundering and counter-terror financing regime. The delay in trials has already resulted in a low number of prosecutions, undermining India’s claim of an effective regime.