The audit under Section 13(1A) of the Prevention of Money Laundering Act, 2002 is-
Under s.13(1A) the Director may "direct the concerned reporting entity to get its records ... audited" by a panel accountant where the nature and complexity of the case…
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The audit under Section 13(1A) of the Prevention of Money Laundering Act, 2002 is-
Answer and explanation
Correct answer B
Under s.13(1A) the Director may "direct the concerned reporting entity to get its records ... audited" by a panel accountant where the nature and complexity of the case require it. Once directed, the audit is not optional, and s.13(1B) puts its cost on the Central Government.