Section 15 of the Prevention of Money Laundering Act, 2002 helps to-
Section 15 lets the Central Government, in consultation with the RBI, prescribe "the procedure and the manner of maintaining and furnishing information" by reporting…
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Section 15 of the Prevention of Money Laundering Act, 2002 helps to-
Answer and explanation
Correct answer A
Section 15 lets the Central Government, in consultation with the RBI, prescribe "the procedure and the manner of maintaining and furnishing information" by reporting entities, giving one uniform method. It does not penalise clients or confiscate property.