Confidentiality under Section 12(2) of the Prevention of Money Laundering Act, 2002 is subject to-
Section 12(2) requires the information held under the section to be kept confidential "save as otherwise provided under any law for the time being in force". The exception…
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Confidentiality under Section 12(2) of the Prevention of Money Laundering Act, 2002 is subject to-
Answer and explanation
Correct answer A
Section 12(2) requires the information held under the section to be kept confidential "save as otherwise provided under any law for the time being in force". The exception is not limited to RBI directions, the Director's orders or the client's consent.