Section 14 of the Prevention of Money Laundering Act, 2002 states that reporting entities shall not be…
PMLA s.14 provides that reporting entities shall not be liable to any civil or criminal proceedings for furnishing information under s.12(1)(b), covering both kinds of…
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Section 14 of the Prevention of Money Laundering Act, 2002 states that reporting entities shall not be liable to-
Answer and explanation
Correct answer C
PMLA s.14 provides that reporting entities shall not be liable to any civil or criminal proceedings for furnishing information under s.12(1)(b), covering both kinds of proceedings, not just one, and not monetary penalties as such.