Section 17 of the Prevention of Money Laundering Act, 2002 ensures that seized or frozen property-
Under s.17(4) an application for retention or continued freezing is filed before the Adjudicating Authority within thirty days, and s.20 allows retention for the purposes of…
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Section 17 of the Prevention of Money Laundering Act, 2002 ensures that seized or frozen property-
Answer and explanation
Correct answer A
Under s.17(4) an application for retention or continued freezing is filed before the Adjudicating Authority within thirty days, and s.20 allows retention for the purposes of adjudication under s.8. Frozen property cannot be transferred without the officer's permission.