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Section 54 – Prevention of Money Laundering Act,2002

Prevention of Money Laundering Act,2002

Section 54. Certain officers to assist in inquiry, etc

The following officers are hereby empowered and required to assist the authorities in the enforcement of this Act, namely:

(a) officers of the Customs and Central Excise Departments;

(b) officers appointed under sub-section (1) of section 5 of the Narcotic Drugs and Psychotropic Substances Act,1985 (61 of 1985);

(c) income-tax authorities under sub-section (1) of section 117 of the Income-tax Act,1961 (43 of 1961);

(d) officers of the stock exchange recognised under section 4 of the Securities Contracts (Regulation) Act,1956 (42 of 1956);

(e) officers of the Reserve Bank of India constituted under sub-section (1) of section 3 of the Reserve Bank of India Act,1934 (2 of 1934);

(f) officers of Police;

(g) officers of enforcement appointed under sub-section (1) of section 36 of the Foreign Exchange Management Act,1999 (40 of 1999);

(h) officers of the Securities and Exchange Board of India established under section 3 of the Securities and Exchange Board of India Act,1992(15 of 1992);

(f) officers of any other body corporate constituted or established under a Central Act or a State Act;

(g) such other officers of the Central Government, State Government, local authorities or banking companies as the Central Government may, by notification, specify, in this behalf.

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Prevention of Money Laundering Act,2002

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