Section 15 of the Prevention of Money Laundering Act, 2002 enables reporting entities to-
Section 15 lets the Central Government, with the RBI, prescribe "the procedure and the manner of maintaining and furnishing information" by reporting entities. It gives no…
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Section 15 of the Prevention of Money Laundering Act, 2002 enables reporting entities to-
Answer and explanation
Correct answer A
Section 15 lets the Central Government, with the RBI, prescribe "the procedure and the manner of maintaining and furnishing information" by reporting entities. It gives no licence to delay, skip due diligence or escape s.13 penalties.