If one transaction is proved to be involved in money-laundering, Section 23 of the Prevention of Money…
Under PMLA s.23, once one or more inter-connected transactions are proved to be involved in money-laundering, it shall, "unless otherwise proved", be presumed "that the…
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If one transaction is proved to be involved in money-laundering, Section 23 of the Prevention of Money Laundering Act, 2002 presumes that:
Answer and explanation
Correct answer B
Under PMLA s.23, once one or more inter-connected transactions are proved to be involved in money-laundering, it shall, "unless otherwise proved", be presumed "that the remaining transactions form part of such inter-connected transactions". The prosecution need not prove each remaining transaction separately.