Section 23 of the Prevention of Money Laundering Act, 2002 is important because:
PMLA s.23 is important because it simplifies prosecution of complex, multi-step laundering chains by extending the presumption to connected transactions, not because it…
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Section 23 of the Prevention of Money Laundering Act, 2002 is important because:
Answer and explanation
Correct answer A
PMLA s.23 is important because it simplifies prosecution of complex, multi-step laundering chains by extending the presumption to connected transactions, not because it legalizes unproven transactions, shifts the burden to the Central Government, or is limited to records alone.