Specified transaction under Section 12AA of the Prevention of Money Laundering Act, 2002 may be…
Under PMLA s.12AA, the categories and thresholds of a "specified transaction" are prescribed by the Central Government through rules, not by the Adjudicating Authority, RBI,…
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Specified transaction under Section 12AA of the Prevention of Money Laundering Act, 2002 may be prescribed by-
Answer and explanation
Correct answer B
Under PMLA s.12AA, the categories and thresholds of a "specified transaction" are prescribed by the Central Government through rules, not by the Adjudicating Authority, RBI, or the Director alone.