Section 24 of the Prevention of Money Laundering Act, 2002 applies to:
PMLA s.24 covers both classes: clause (a) applies a mandatory rebuttable presumption to a person charged under s.3, and clause (b) allows a discretionary presumption against…
Choose your answer
Section 24 of the Prevention of Money Laundering Act, 2002 applies to:
Answer and explanation
Correct answer C
PMLA s.24 covers both classes: clause (a) applies a mandatory rebuttable presumption to a person charged under s.3, and clause (b) allows a discretionary presumption against any other person connected to proceeds of crime.