Section 14 of the Prevention of Money Laundering Act, 2002 protection covers-
Section 14 extends to "the reporting entity, its directors and employees", and a reporting entity under s.2(1)(wa) covers banking companies, financial institutions,…
Choose your answer
Section 14 of the Prevention of Money Laundering Act, 2002 protection covers-
Answer and explanation
Correct answer D
Section 14 extends to "the reporting entity, its directors and employees", and a reporting entity under s.2(1)(wa) covers banking companies, financial institutions, intermediaries and persons carrying on designated businesses or professions. It is not limited to banks or government companies.