Section 14 of the Prevention of Money Laundering Act, 2002 safeguards are intended to-
By shielding the entity, its directors and employees from civil or criminal proceedings for furnishing information under s.12(1)(b), s.14 removes the fear of being sued or…
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Section 14 of the Prevention of Money Laundering Act, 2002 safeguards are intended to-
Answer and explanation
Correct answer B
By shielding the entity, its directors and employees from civil or criminal proceedings for furnishing information under s.12(1)(b), s.14 removes the fear of being sued or prosecuted for reporting. The duty to report remains, and the shield protects those who report, not the clients.