Section 23 of the Prevention of Money Laundering Act, 2002 applies when money-laundering involves:
PMLA s.23 applies "where money-laundering involves two or more inter-connected transactions". The section does not depend on the value of a transaction, the use of a shell…
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Section 23 of the Prevention of Money Laundering Act, 2002 applies when money-laundering involves:
Answer and explanation
Correct answer A
PMLA s.23 applies "where money-laundering involves two or more inter-connected transactions". The section does not depend on the value of a transaction, the use of a shell company or a foreign counterparty.