This research also seeks to provide a comprehensive review of the Prevention of Money Laundering Act 2002, so as to better understand how it is being implemented and enforced in India. It is only through proper implementation of such laws that financial crimes and money laundering activities can be effectively curbed. Thus, this study seeks to provide valuable insights into the measures that should be taken to strengthen the Prevention of Money Laundering Act 2002, for better protection of citizens and the economy. Moreover, this study will further assess the efforts that have been taken to combat financial crimes and money laundering activities, and the effectiveness of these efforts. It will also examine the current state of enforcement of the Prevention of Money Laundering Act 2002, as well as its shortcomings. Furthermore, this research will seek to identify potential gaps in existing financial laws and regulations, and what steps should be taken to fill those gaps. This research will provide an in-depth look into financial crimes and money laundering activities in India, as well as their underlying causes and effects. Through this study, we hope to gain a better understanding of the magnitude of these activities, as well as the strategies used to conceal them. In addition, we hope to provide valuable insights into the measures that should be taken to strengthen the Prevention of Money Laundering Act 2002, so as to better protect citizens and the economy from financial crimes.