Directors of reporting entities are protected under Section 14 of the Prevention of Money Laundering…
Directors of reporting entities are protected under PMLA s.14 when they ensure compliance with the reporting obligation under s.12(1)(b), not when they ignore that…
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Directors of reporting entities are protected under Section 14 of the Prevention of Money Laundering Act, 2002 when-
Answer and explanation
Correct answer B
Directors of reporting entities are protected under PMLA s.14 when they ensure compliance with the reporting obligation under s.12(1)(b), not when they ignore that obligation, invest client funds personally, or merely perform audits.