The updated edition of the book covers the legal provisions, explanations, frequently asked questions, and practical issues concerning the Money Laundering activities. This book was planned with a view to create awareness amongst all the relevant groups of society. An attempt is made to explain the provisions in a simple and pragmatic manner. Further, the FAQs have been included to clarify the general provisions, as well as the debatable issues. It is expected that this book may cater to the needs of businessmen, advocates, CAs, officers and the students following professional courses.