On money laundering, the NIPFP report has noted that organised tax evasion should be included in the list of “predicate offences” under the Prevention of Money Laundering Act of 2002. Predicate offences are crimes that are a component of a more serious criminal offence. Thus, making organised tax evasion a predicate offence would attract more severe and deterrent penal provisions under the law. Similarly, the scope and applicability of the money laundering law should be expanded to include illegal or questionable transactions in commodity exchanges.

Source: Black Money Chase: This Yet-To-Be-Public Report Hints At Modi’s Next Moves