Money-laundering under Section 3 of the Prevention of Money Laundering Act, 2002 includes:
Section 3, read with its Explanation, treats both concealment, possession, acquisition, or use of proceeds of crime and projecting or claiming them as untainted property as…
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Money-laundering under Section 3 of the Prevention of Money Laundering Act, 2002 includes:
Answer and explanation
Correct answer C
Section 3, read with its Explanation, treats both concealment, possession, acquisition, or use of proceeds of crime and projecting or claiming them as untainted property as processes constituting money-laundering, so either category alone, or both together, can found liability.