Section 14 of the Prevention of Money Laundering Act, 2002 protection encourages-
Because s.14 protects the entity, its directors and employees from civil or criminal proceedings for furnishing information under s.12(1)(b), staff can report without fear…
Choose your answer
Section 14 of the Prevention of Money Laundering Act, 2002 protection encourages-
Answer and explanation
Correct answer C
Because s.14 protects the entity, its directors and employees from civil or criminal proceedings for furnishing information under s.12(1)(b), staff can report without fear of being sued or prosecuted by clients. It therefore promotes disclosure rather than avoidance.