Section 15 of the Prevention of Money Laundering Act, 2002 applies to the maintenance of records by…
Section 15 governs "maintaining and furnishing information by a reporting entity under section 11A, sub-section (1) of section 12 and sub-section (1) of section 12AA". It is…
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Section 15 of the Prevention of Money Laundering Act, 2002 applies to the maintenance of records by reporting entities for-
Answer and explanation
Correct answer B
Section 15 governs "maintaining and furnishing information by a reporting entity under section 11A, sub-section (1) of section 12 and sub-section (1) of section 12AA". It is not tied to audits, pending cases or a one-crore threshold.