<P> An Appellate Tribunal is the body appointed by Govt of India . It is given the power to hear appeals against the orders of the Adjudicating Authority and any other authority under the Act . Orders of the tribunal can be appealed in appropriate High Court (for that jurisdiction) and finally to the Supreme Court </P> <P> Section 43 of Prevention of Money Laundering Act, 2002 (PMLA) says that the Central Government, in consultation with the Chief Justice of the High Court, shall, for trial of offence punishable under Section 4, by notification, designate one or more Courts of Session as Special Court or Special Courts for such area or areas or for such case or class or group of cases as may be specified in the notification . </P> <P> Financial Intelligence Unit--India (FIU - IND) was set by the Government of India on 18 November 2004 as the central national agency responsible for receiving, processing, analyzing and disseminating information relating to suspect financial transactions . FIU - IND is also responsible for coordinating and strengthening efforts of national and international intelligence, investigation and enforcement agencies in pursuing the global efforts against money laundering and related crimes . FIU - IND is an independent body reporting directly to the Economic Intelligence Council (EIC) headed by the Finance Minister . </P> <P> This is an Act of the United States Congress that made money laundering a Federal crime . It criminalized money laundering for the first time in the United States . </P>

Maximum punishment by way of imprisonment for the offence committed under money laundering act is