AN ANALYTICAL STUDY OF THE INTERPLAY BETWEEN THE PREVENTION OF MONEY LAUNDERING ACT (PMLA) AND THE PREVENTION OF CORRUPTION ACT (PCA) IN CURBING ECONOMIC CRIMES IN INDIA
AUTHOR – MANAVJIT SINGH KOCHHAR, STUDENT AT AMITY UNIVERSITY, NOIDA
BEST CITATION – MANAVJIT SINGH KOCHHAR, AN ANALYTICAL STUDY OF THE INTERPLAY BETWEEN THE PREVENTION OF MONEY LAUNDERING ACT (PMLA) AND THE PREVENTION OF CORRUPTION ACT (PCA) IN CURBING ECONOMIC CRIMES IN INDIA, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 6 (8) OF 2026, PG. 108-153, APIS – 3920 – 0001 & ISSN – 2583-2344. DOI – https://doi.org/10.65393/IJLRV6I815
ABSTRACT
Money laundering and corruption are intricately linked issues in India, posing significant challenges to the nation’s economic integrity and governance. Corruption acts as a facilitator for money laundering, enabling illicit funds to be integrated into the formal economy. High-profile cases involving public officials highlight how bribery and embezzlement create pathways for laundering activities, often involving complex financial transactions that obscure the origins of dirty money.
The Prevention of Money Laundering Act (PMLA) and various anti-corruption frameworks have been established to combat these issues. However, enforcement remains inconsistent, often hindered by political interference and bureaucratic inefficiencies. This dynamic perpetuates a cycle where corrupt practices breed more corruption, allowing laundered funds to flow back into corrupt systems, thereby underminingpublic trust andeconomic development.
Furthermore, the nexus between organized crime and corrupt officials exacerbates the situation, leading to a loss of government revenue and exacerbating socio -economic disparities. Addressing these intertwined challenges requires comprehensive reforms, improved transparency, and robust accountability mechanisms to disrupt the cycle of corruption and money laundering. By understanding this relationship, policymakers can develop targeted strategies to enhance governance and restore integrity within India’s financial systems.