Section 66 of The Prevention of Money-Laundering Act, 2002 in hindi
1[(1)] The Director or any other authority specified by him by a general or special order in this behalf may furnish or cause to be furnished to--
- (i)any officer, authority or body performing any functions under any law relating to imposition of any tax, duty or cess or to dealings in foreign exchange, or prevention of illicit traffic in the narcotic drugs and psychotropic substances under the Narcotic Drugs and Psychotropic Substances Act, 1985 (61 of 1985); or
- (ii)such other officer, authority or body performing functions under any other law as the Central Government may, if in its opinion it is necessary so to do in the public interest, specify, by notification in the Official Gazette, in this behalf, any information received or obtained by such Director or any other authority, specified by him in the performance of their functions under this Act, as may, in the opinion of the Director or the other authority, so specified by him, be necessary for the purpose of the officer, authority or body specified in clause (i) or clause (ii) to perform his or its functions under that law. 2[(2) If the Director or other authority specified under sub-section (1) is of the opinion, on the basis of information or material in his possession, that the provisions of any other law for the time being in force are contravened, then the Director or such other authority shall share the information with the concerned agency for necessary action.]
Summary
- It permits the sharing of information collected under PMLA with other specific government departments and authorities.
- The Director or specified authorities may furnish information to tax, duty, cess, foreign exchange, or NDPS Act authorities.
- The Central Government may specify other authorities to receive information if it is necessary in the public interest.
- Shared information must, in the opinion of the disclosing authority, be necessary for the recipient to perform their duties.
- If the PMLA authority believes any other law has been broken, they are legally required to share that information with the concerned agency.
Practical examples
FAQ
1. Who has the power to share PMLA information with other agencies?
The Director, or any other authority specified by the Director by a general or special order.
2. With which specific agencies can the Director share information under Section 66(1)?
Any authority dealing with taxes, duties, cesses, foreign exchange, drug trafficking under the NDPS Act, or any other agency notified by the Central Government in the public interest.
3. Can the Central Government expand the list of agencies that can receive PMLA information?
Yes, the Central Government can notify other bodies or officers in the Official Gazette if it believes it is in the public interest to do so.
Test yourself
Q1.Under Section 66(1) of The Prevention of Money-Laundering Act, 2002, who is empowered to authorize other PMLA officers to disclose information to external agencies?
Q2.Under Section 66(2) of The Prevention of Money-Laundering Act, 2002, what is the duty of the Director if they possess information showing that some other law has been contravened?
Q3.Under Section 66(1) of The Prevention of Money-Laundering Act, 2002, which of the following is specifically mentioned in the text as a recipient for shared information?
Q4.Under Section 66 of The Prevention of Money-Laundering Act, 2002, how can the Central Government authorize additional agencies to receive information in the public interest?