The authority under Section 16 of the Prevention of Money Laundering Act, 2002 can check-
Section 16(1)(ii) requires those present to afford the facility "to check or verify the proceeds of crime or any transaction related to proceeds of crime which may be found…
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The authority under Section 16 of the Prevention of Money Laundering Act, 2002 can check-
Answer and explanation
Correct answer A
Section 16(1)(ii) requires those present to afford the facility "to check or verify the proceeds of crime or any transaction related to proceeds of crime which may be found therein". The power is not limited to bank dealings and does not reach property abroad.