Section 14 of the Prevention of Money Laundering Act, 2002 does not protect against-
Since PMLA s.14 grants immunity save as otherwise provided in section 13, it does not shield a reporting entity from penalties under s.13, even though it protects civil and…
Choose your answer
Section 14 of the Prevention of Money Laundering Act, 2002 does not protect against-
Answer and explanation
Correct answer C
Since PMLA s.14 grants immunity save as otherwise provided in section 13, it does not shield a reporting entity from penalties under s.13, even though it protects civil and criminal proceedings and the act of furnishing information under s.12(1)(b).