Section 12A(2) of the Prevention of Money Laundering Act, 2002 makes furnishing of information-
The mandatory wording of PMLA s.12A(2) makes furnishing of information to the Director compulsory for the reporting entity, not optional, voluntary, or merely conditional.
Choose your answer
Section 12A(2) of the Prevention of Money Laundering Act, 2002 makes furnishing of information-
Answer and explanation
Correct answer A
The mandatory wording of PMLA s.12A(2) makes furnishing of information to the Director compulsory for the reporting entity, not optional, voluntary, or merely conditional.