Section 24 of the Prevention of Money Laundering Act, 2002 ensures a shift in burden of proof to:
Under PMLA s.24(a), the Authority or Court shall presume, "unless the contrary is proved", that proceeds of crime are involved in money-laundering in the case of a person…
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Section 24 of the Prevention of Money Laundering Act, 2002 ensures a shift in burden of proof to:
Answer and explanation
Correct answer C
Under PMLA s.24(a), the Authority or Court shall presume, "unless the contrary is proved", that proceeds of crime are involved in money-laundering in the case of a person charged under s.3. The burden of rebuttal thus moves to that person, not to the Enforcement Directorate or a reporting entity.