Section 12A of the Prevention of Money Laundering Act, 2002 was introduced to enhance-
Section 12A lets the Director call for records and further information from reporting entities and requires them to furnish it as he specifies, strengthening oversight of…
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Section 12A of the Prevention of Money Laundering Act, 2002 was introduced to enhance-
Answer and explanation
Correct answer B
Section 12A lets the Director call for records and further information from reporting entities and requires them to furnish it as he specifies, strengthening oversight of their compliance. It does not alter punishment, appeals or confiscation.