Section 13 of the Prevention of Money Laundering Act, 2002 empowers the Director to issue-
Section 13(2) lists four measures: a warning in writing, directions to comply with specific instructions, directions to send periodic reports, and a monetary penalty. The…
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Section 13 of the Prevention of Money Laundering Act, 2002 empowers the Director to issue-
Answer and explanation
Correct answer D
Section 13(2) lists four measures: a warning in writing, directions to comply with specific instructions, directions to send periodic reports, and a monetary penalty. The Director is not limited to one of them, and advisory circulars are not among them.