If a person disproves that the remaining transactions are part of laundering, Section 23 of the…
The PMLA s.23 presumption operates "unless otherwise proved to the satisfaction of the Adjudicating Authority or the Special Court". Once the person disproves the link…
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If a person disproves that the remaining transactions are part of laundering, Section 23 of the Prevention of Money Laundering Act, 2002 presumption:
Answer and explanation
Correct answer B
The PMLA s.23 presumption operates "unless otherwise proved to the satisfaction of the Adjudicating Authority or the Special Court". Once the person disproves the link before that Authority or Court, the presumption is rebutted; it is not irrebuttable, and no higher forum need act.