Does Section 3 of the Prevention of Money Laundering Act, 2002 cover indirect enjoyment through a third…
The Explanation to section 3 says the activity continues while a person "is directly or indirectly enjoying the proceeds of crime", so enjoyment through a third party is…
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Does Section 3 of the Prevention of Money Laundering Act, 2002 cover indirect enjoyment through a third party?
Answer and explanation
Correct answer B
The Explanation to section 3 says the activity continues while a person "is directly or indirectly enjoying the proceeds of crime", so enjoyment through a third party is covered. Nothing limits this to cash or movable property, since "property" in section 2(1)(v) includes assets of every description.