Section 23 of the Prevention of Money Laundering Act, 2002 helps in adjudication by:
PMLA s.23 assists adjudication under s.8 by presuming, once one inter-connected transaction is proved to be involved, that "the remaining transactions form part of such…
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Section 23 of the Prevention of Money Laundering Act, 2002 helps in adjudication by:
Answer and explanation
Correct answer B
PMLA s.23 assists adjudication under s.8 by presuming, once one inter-connected transaction is proved to be involved, that "the remaining transactions form part of such inter-connected transactions". It does not reach every transaction in an account, only those in the linked chain, and it has no territorial limit.