Section 13(2)(b) of the Prevention of Money Laundering Act, 2002 allows the Director to-
Section13(2)(b)provides binding directions for compliance with specific instructions following a ChapterIV failure. It does not itself confer judicial confiscation power or…
Choose your answer
Section 13(2)(b) of the Prevention of Money Laundering Act, 2002 allows the Director to-
Answer and explanation
Correct answer A
Section13(2)(b)provides binding directions for compliance with specific instructions following a ChapterIV failure. It does not itself confer judicial confiscation power or authorise an unconditional closure order detached from the statutory compliance trigger.