Section 3 of the Prevention of Money Laundering Act, 2002 punishes:
Section 3 reaches "whosoever directly or indirectly attempts to indulge or knowingly assists or knowingly is a party or is actually involved" in any process connected with…
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Section 3 of the Prevention of Money Laundering Act, 2002 punishes:
Answer and explanation
Correct answer B
Section 3 reaches "whosoever directly or indirectly attempts to indulge or knowingly assists or knowingly is a party or is actually involved" in any process connected with proceeds of crime. It is not limited to those who handle the proceeds themselves, to corporate bodies or to concealment abroad.