Section 14 of the Prevention of Money Laundering Act, 2002 ensures that employees of reporting entities-
Section 14 says the entity, "its directors and employees shall not be liable to any civil or criminal proceedings" for furnishing information under s.12(1)(b). The…
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Section 14 of the Prevention of Money Laundering Act, 2002 ensures that employees of reporting entities-
Answer and explanation
Correct answer B
Section 14 says the entity, "its directors and employees shall not be liable to any civil or criminal proceedings" for furnishing information under s.12(1)(b). The protection is "save as otherwise provided in section 13", so it does not exempt them from s.13 penalties.