Enhanced due diligence under Section 12AA of the Prevention of Money Laundering Act, 2002 ensures-
Section 12AA targets "specified transactions", such as cash or foreign exchange dealings above prescribed amounts and high-risk classes, and requires scrutiny before they…
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Enhanced due diligence under Section 12AA of the Prevention of Money Laundering Act, 2002 ensures-
Answer and explanation
Correct answer C
Section 12AA targets "specified transactions", such as cash or foreign exchange dealings above prescribed amounts and high-risk classes, and requires scrutiny before they proceed. It does not cover every transaction, and s.11A(4) protects Aadhaar data.