The definitions in Section 2 of the Prevention of Money Laundering Act, 2002 apply:
Section 2(1) opens with the words "unless the context otherwise requires", so the definitions given apply generally throughout the Act subject to contrary context, not…
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The definitions in Section 2 of the Prevention of Money Laundering Act, 2002 apply:
Answer and explanation
Correct answer A
Section 2(1) opens with the words "unless the context otherwise requires", so the definitions given apply generally throughout the Act subject to contrary context, not merely to enforcement authorities, banks, or the Adjudicating Authority alone.