Provision for lesser penalty u/s 13 of Money Laundering Act would be applied retrospectively: HC

FEMA, BANKING AND INSURANCE : Delhi High Court upholds order passed by Appellate Tribunal whereby it had modified orders passed by Director, FIU under section 13(2) of the Prevention of Money-Laundering Act, 2002 from a monetary fine to a warning in writing, in terms of section 13(2)(a) as substituted with effect from 15-2-2013

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