Records referred to in Section 12(1)(a) of the Prevention of Money Laundering Act, 2002 must be…
Under PMLA s.12(3), records referred to in s.12(1)(a) must be maintained for a period of five years from the date of transaction, not three or ten years or from account…
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Records referred to in Section 12(1)(a) of the Prevention of Money Laundering Act, 2002 must be maintained for-
Answer and explanation
Correct answer B
Under PMLA s.12(3), records referred to in s.12(1)(a) must be maintained for a period of five years from the date of transaction, not three or ten years or from account closure.