Section 14 of the Prevention of Money Laundering Act, 2002 provides protection against-
Section 14 says reporting entities, their directors and employees "shall not be liable to any civil or criminal proceedings against them for furnishing information under…
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Section 14 of the Prevention of Money Laundering Act, 2002 provides protection against-
Answer and explanation
Correct answer A
Section 14 says reporting entities, their directors and employees "shall not be liable to any civil or criminal proceedings against them for furnishing information under clause (b) of sub-section (1) of section 12". It is expressly "save as otherwise provided in section 13", so s.13 penalties remain.