Section 12 of the Prevention of Money-Laundering Act, 2002 relates to-
Section 12 is headed "Reporting entity to maintain records" and requires records of all transactions and of identity documents, account files and business correspondence.…
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Section 12 of the Prevention of Money-Laundering Act, 2002 relates to-
Answer and explanation
Correct answer B
Section 12 is headed "Reporting entity to maintain records" and requires records of all transactions and of identity documents, account files and business correspondence. Identity verification is s.11A and enhanced due diligence s.12AA.