Section 22 of the Prevention of Money Laundering Act, 2002 presumes that records or property found…
PMLA s.22(1)(i) provides that where records or property are found in a person's possession or control during a survey or search, it is presumed "that such records or…
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Section 22 of the Prevention of Money Laundering Act, 2002 presumes that records or property found during a survey:
Answer and explanation
Correct answer B
PMLA s.22(1)(i) provides that where records or property are found in a person's possession or control during a survey or search, it is presumed "that such records or property belong to such person". It does not presume that they are proceeds of crime or that they belong to the owner of the premises.