Section 15 of the Prevention of Money Laundering Act, 2002 ensures that information furnished by…
Under s.15 the procedure and manner of furnishing information are prescribed by the Central Government "in consultation with the Reserve Bank of India". The entity cannot…
Choose your answer
Section 15 of the Prevention of Money Laundering Act, 2002 ensures that information furnished by reporting entities-
Answer and explanation
Correct answer B
Under s.15 the procedure and manner of furnishing information are prescribed by the Central Government "in consultation with the Reserve Bank of India". The entity cannot choose its own form, and the duty does not depend on the client's wishes or a court order.