Section 15 of the Prevention of Money Laundering Act, 2002 ensures that reporting entities-
Under s.15 the procedure and manner of maintaining and furnishing information is prescribed by the Central Government in consultation with the RBI "for the purpose of…
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Section 15 of the Prevention of Money Laundering Act, 2002 ensures that reporting entities-
Answer and explanation
Correct answer B
Under s.15 the procedure and manner of maintaining and furnishing information is prescribed by the Central Government in consultation with the RBI "for the purpose of implementing the provisions of this Act". Reporting is mandatory and follows that prescribed form.