Section 15 of the Prevention of Money Laundering Act, 2002 applies to furnishing information under…
Section 15 covers "maintaining and furnishing information by a reporting entity under section 11A, sub-section (1) of section 12 and sub-section (1) of section 12AA". The…
Choose your answer
Section 15 of the Prevention of Money Laundering Act, 2002 applies to furnishing information under which sections of the PMLA?
Answer and explanation
Correct answer B
Section 15 covers "maintaining and furnishing information by a reporting entity under section 11A, sub-section (1) of section 12 and sub-section (1) of section 12AA". The Director's access under s.12A, penalties under s.13 and immunity under s.14 are separate, as are attachment, adjudication and search under ss.5, 8 and 17.