Section 13 of the Prevention of Money Laundering Act, 2002 ensures-
Section 13 lets the Director inquire into the "obligations of the reporting entity, under this Chapter" and issue warnings, directions or penalties on failure. It is…
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Section 13 of the Prevention of Money Laundering Act, 2002 ensures-
Answer and explanation
Correct answer B
Section 13 lets the Director inquire into the "obligations of the reporting entity, under this Chapter" and issue warnings, directions or penalties on failure. It is directed at reporting entities, not at punishing clients or confiscating property.