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|Serial No.||Course Name||Text|
|1||General||Launch of LawSkills on 28th June 2017|
The statute of Money Laundering i.e., the Prevention of Money Laundering Act, 2002 has been enacted to combat money laundering in India. It has the following three aims:
The money obtained through illicit means cannot be used as one's own economic asset and requires a cleansing of sorts. The legitimization of the money received as gains from an illegal act brings us to the concept of money laundering. The instant course focuses on the sources, channels and modes of money laundering and discusses the various legal provisions attracted by them.
The main focus of criminalizing money laundering is to take gain out of the crime or fraud. The idea for the establishing of the offence is that it is felonious for the individuals or business entities to aid the criminals to incentivize them from the proceeds of their pursuit of crimes or to ease the commission of such crimes by giving them financial services.
It is designed to cover the legalities associated to the complex economic offence of money laundering alongside the punishments that might accrue if one is convicted. The intensity of the offence tracing the developments around bringing an end to the economic offence of money laundering, is critically analyzed by the Legislature, Executive and Judiciary.
After completion learners will be able to:
Duration: 6 Months
Progress will be tested by way of quizzes and assignments at the end of each Module. Learners must attempt the exam at the end of the course and secure at least 50% marks to obtain course certificate.
Poli Kataki did her LLB from the Delhi University and Masters in Business law from NLSIU, Bangalore. She is an Advocate on Record, Supreme Court of India. Poli has wide ranging experience in the matters related to Commercial Laws, Company Laws, Customs and Excise, Arbitration Laws, etc.
She has attended various seminars and conferences at the National and International level. Her contribution towards drafting the guidelines pertaining to Darjeeling being covered under the sixth schedule area has been widely recognized. She has also been appointed as a Local Commissioner by the Delhi High Court in a Company Petition and has been involved in the Drafting, Settling and Vetting of contracts of different nature such as Rent Agreement, Sale Deed, Memorandum of Incorporation, etc.
The Instructional Design of the Course has been done by Team LawSkills.