Section 13(2) of the Prevention of Money Laundering Act, 2002 penalties are imposed-
Section 13(2) lets the Director act "without prejudice to any other action that may be taken under any other provisions of this Act". No prior conviction or court order is…
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Section 13(2) of the Prevention of Money Laundering Act, 2002 penalties are imposed-
Answer and explanation
Correct answer A
Section 13(2) lets the Director act "without prejudice to any other action that may be taken under any other provisions of this Act". No prior conviction or court order is needed, and a single failure can attract a penalty.