Section 4 of the Prevention of Money Laundering Act, 2002 aims primarily to-
Section 4 prescribes "rigorous imprisonment for a term which shall not be less than three years but which may extend to seven years" and fine, with up to ten years for…
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Section 4 of the Prevention of Money Laundering Act, 2002 aims primarily to-
Answer and explanation
Correct answer B
Section 4 prescribes "rigorous imprisonment for a term which shall not be less than three years but which may extend to seven years" and fine, with up to ten years for NDPS-linked proceeds, to deter money-laundering itself. The predicate offences are punished under their own laws, record-keeping duties are in Chapter IV, and restoration to claimants is dealt with in section 8(8).