Job Opportunity: Adjudicating Authority Member under PMLA at Ministry of Finance, Apply by: August 22nd, 2023
Table of Contents
- Brief About the Job:
- About Ministry of Finance
- About the Opportunity
- Roles and Responsibilities
- Eligibility Criteria
- Salary
- How to Apply?
- Application Deadline
- Location
Brief About the Job:
The Ministry of Finance, New Delhi, is inviting applications for the position of Adjudicating Authority Member under the Prevention of Money Laundering Act (PMLA). This esteemed role offers a competitive salary range of Rs. 1.4 to 2.2 Lakhs.
As a crucial member of the Adjudicating Authority, you will play a pivotal role in overseeing cases related to money laundering and ensuring compliance with the provisions of the PMLA. Your expertise and decision-making skills will contribute significantly to upholding the integrity of the financial system and combating financial crimes. If you possess a deep understanding of financial laws and regulations, along with a strong sense of justice and impartiality, this is a remarkable opportunity to serve the nation and contribute to the fight against money laundering.To seize this rewarding career prospect, submit your applications by August 22nd. Join us in safeguarding the nation’s financial interests and promoting a transparent and accountable financial ecosystem.
About Ministry of Finance
The Ministry of Finance is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget.
About the Opportunity
In terms of section 6 of the Prevention of Money Laundering Act, 2002, the Central Government has established an Adjudicating Authority in the Ministry of Finance, Department of Revenue at New Delhi, to exercise jurisdiction, powers and authority conferred by or under the said Act. This job opportunity is regarding the post of a member of this Adjudicating Authority.
Roles and Responsibilities
The person appointed as Member or Chairperson shall hold office for a term of five years, whether as Member or in continuation as Chairperson as the case may be, from the date he enters upon his office, or till he attains the age of 65 years, whichever is earlier.
Eligibility Criteria
- Is qualified for appointment as District Judge or
- Has been a member of the Indian Legal Service and has held a post in Grade-1 of that Service.
Salary
- One vacancy of Member from the field of Law, in the pay scale of Level 14 (Rs.144200-Rs.218200/-) (6th CPC Scale in PB-4 (Rs.37400-67000) plus Grade of Rs. 10000/-) with usual allowances as are admissible to a Group ‘A’ officer of the equivalent grade, is to be filled up.
- One of the Members of the Adjudicating Authority shall be appointed as its Chairperson in the pay scale of Level 15 (Rs.182200-Rs.224100/-) {6th CPC Scale in HAG Rs.67000 (annual) increment @3%)-79000) with usual allowances as are admissible to a Group ‘A’ officer of the equivalent grade. The pay of the Chairperson or Member shall be fixed in terms of the instructions of the Government issued in this regard.
How to Apply?
- The applications along with bio-data, only in the format as enclosed, should reach the Under Secretary, Economic Security Cell, Ministry of Finance, Department of Revenue, Room No.55, North Block, New Delhi-110001, within 60 days from the date of publication of the vacancy advertisement in the Employment News.
- The applications received either after last date or received in a format other than the enclosed format, shall not be considered.
- The persons already in Government service should furnish their applications, through their cadre controlling authority, along with cadre clearance, vigilance clearance and complete A.C.R. dossiers. Incomplete applications will not be entertained.
Application Deadline
August 22, 2023.
Location
Ministry of Finance, Department of Revenue, Room No.55, North Block, New Delhi-110001
