Enhanced due diligence under Section 12AA of the Prevention of Money Laundering Act, 2002 ensures that-
Enhanced due diligence under PMLA s.12AA ensures that money-laundering risks are mitigated through pre-transaction checks and monitoring, not that transactions go unchecked…
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Enhanced due diligence under Section 12AA of the Prevention of Money Laundering Act, 2002 ensures that-
Answer and explanation
Correct answer B
Enhanced due diligence under PMLA s.12AA ensures that money-laundering risks are mitigated through pre-transaction checks and monitoring, not that transactions go unchecked or that scrutiny is limited to cash transactions or banking companies alone.