Records under Section 12(1)(e) of the Prevention of Money Laundering Act, 2002 relate to-
Section 12(1)(e) covers documents evidencing the identity of the reporting entity's "clients and beneficial owners", with account files and business correspondence relating…
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Records under Section 12(1)(e) of the Prevention of Money Laundering Act, 2002 relate to-
Answer and explanation
Correct answer A
Section 12(1)(e) covers documents evidencing the identity of the reporting entity's "clients and beneficial owners", with account files and business correspondence relating to its clients. Staff and investigating officers are outside this clause.