Site navigation

Provisional attachment under Section 5 of the Prevention of Money Laundering Act, 2002 is-

Since section 5(1) speaks of "provisional" attachment for a maximum period and section 5(3) provides for it to cease on expiry of that period or a section 8(3) order, this…

Choose your answer

Provisional attachment under Section 5 of the Prevention of Money Laundering Act, 2002 is-

Select one answer
Answer and explanation

Correct answer B

Since section 5(1) speaks of "provisional" attachment for a maximum period and section 5(3) provides for it to cease on expiry of that period or a section 8(3) order, this attachment is temporary in nature pending adjudication, not a final confiscation, civil attachment, or punitive measure by itself.

Find practice for your exam

Related questions in this topic