Section 16 of the Prevention of Money Laundering Act, 2002 requires the authority to record-
Section 16(1) requires "the reasons for such belief to be recorded in writing" before entry, the belief being "that an offence under section 3 has been committed". Copies of…
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Section 16 of the Prevention of Money Laundering Act, 2002 requires the authority to record-
Answer and explanation
Correct answer B
Section 16(1) requires "the reasons for such belief to be recorded in writing" before entry, the belief being "that an offence under section 3 has been committed". Copies of those reasons go to the Adjudicating Authority under s.16(2).