Section 14 of the Prevention of Money Laundering Act, 2002 protection applies to actions taken-
The protection under PMLA s.14 applies to actions taken in furnishing information to the Director as required under s.12(1)(b), not to failures to file returns, criminal…
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Section 14 of the Prevention of Money Laundering Act, 2002 protection applies to actions taken-
Answer and explanation
Correct answer B
The protection under PMLA s.14 applies to actions taken in furnishing information to the Director as required under s.12(1)(b), not to failures to file returns, criminal investigations against clients, or monetary penalty proceedings.