In Section 24(b) of the Prevention of Money Laundering Act, 2002, for a person other than the one…
Under PMLA s.24(b), in relation to any other person not charged under s.3, the Authority or Court may presume that the proceeds of crime are involved in money-laundering,…
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In Section 24(b) of the Prevention of Money Laundering Act, 2002, for a person other than the one charged under Section 3, the Authority or Court:
Answer and explanation
Correct answer C
Under PMLA s.24(b), in relation to any other person not charged under s.3, the Authority or Court may presume that the proceeds of crime are involved in money-laundering, making the presumption discretionary rather than mandatory or requiring Central Government referral.