Non-compliance found under Section 13 of the Prevention of Money Laundering Act, 2002 can relate to-
Section 13(2) applies where a reporting entity, its designated director or employees "failed to comply with the obligations under this Chapter", meaning Chapter IV. Tax…
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Non-compliance found under Section 13 of the Prevention of Money Laundering Act, 2002 can relate to-
Answer and explanation
Correct answer A
Section 13(2) applies where a reporting entity, its designated director or employees "failed to comply with the obligations under this Chapter", meaning Chapter IV. Tax payment, lending norms and clients' criminal liability fall under other laws or other parts of the Act.