Section 13 of the Prevention of Money Laundering Act, 2002 deals with-
Section 13 is headed "Powers of Director to impose fine" and allows inquiry, warnings, directions and monetary penalties for failures by reporting entities. Attachment is…
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Section 13 of the Prevention of Money Laundering Act, 2002 deals with-
Answer and explanation
Correct answer C
Section 13 is headed "Powers of Director to impose fine" and allows inquiry, warnings, directions and monetary penalties for failures by reporting entities. Attachment is under s.5, enhanced due diligence under s.12AA and record-keeping under s.12.