Section 21 of the Prevention of Money Laundering Act, 2002 ensures which of the following rights to the…
Under PMLA s.21, the person from whom records have been seized is entitled to obtain copies of those records (s.21(2)), and the records are to be returned to him on the…
Choose your answer
Section 21 of the Prevention of Money Laundering Act, 2002 ensures which of the following rights to the person from whom records are seized?
Answer and explanation
Correct answer D
Under PMLA s.21, the person from whom records have been seized is entitled to obtain copies of those records (s.21(2)), and the records are to be returned to him on the conclusion of the specified period unless their further retention is permitted (s.21(3)). The section gives both of these rights, but no right to compensation for the seizure.