Anti-money Laundering Bill passed amid Opp boycott

The Bill, passed by a voice vote, provides that a police officer can investigate a money laundering offence under the Act only after he has been specifically authorised by a director level officer of the Central government.

FM P. Chidambaram said there was certain lacunae in the Act passed in 2002 and ‘‘It seems not enough homework has been done with regard to the definition and authority.’’ He said in view of this, certain changes had to be incorporated so that shortcomings in the earlier legislation were rectified.