Section 24 of the Prevention of Money Laundering Act, 2002 makes it easier to prosecute…
PMLA s.24(a) makes the Authority or Court presume, for a person charged under s.3, that the proceeds of crime are involved in money-laundering "unless the contrary is…
Choose your answer
Section 24 of the Prevention of Money Laundering Act, 2002 makes it easier to prosecute money-laundering by:
Answer and explanation
Correct answer A
PMLA s.24(a) makes the Authority or Court presume, for a person charged under s.3, that the proceeds of crime are involved in money-laundering "unless the contrary is proved". It eases proof at trial, but investigation is still needed and confiscation still requires an order under s.8.