Section 11A of the Prevention of Money-Laundering Act, 2002 deals with-
Section 11A requires every reporting entity to "verify the identity of its clients and the beneficial owner" by Aadhaar authentication, offline verification, passport or…
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Section 11A of the Prevention of Money-Laundering Act, 2002 deals with-
Answer and explanation
Correct answer D
Section 11A requires every reporting entity to "verify the identity of its clients and the beneficial owner" by Aadhaar authentication, offline verification, passport or other notified documents. The Director's access to records is s.12A, and enhanced due diligence for specified transactions is s.12AA.