Section 13 of the Prevention of Money Laundering Act, 2002 ensures that reporting entities-
Section 13 subjects reporting entities, their designated directors and employees to inquiry by the Director and to warnings, directions and penalties for failures. Section…
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Section 13 of the Prevention of Money Laundering Act, 2002 ensures that reporting entities-
Answer and explanation
Correct answer C
Section 13 subjects reporting entities, their designated directors and employees to inquiry by the Director and to warnings, directions and penalties for failures. Section 14's protection is expressly "save as otherwise provided in section 13", so no immunity from penalty arises.