The Director's power under Section 12A of the Prevention of Money Laundering Act, 2002 is exercised for-
The Director's power under PMLA s.12A is exercised for purposes of enforcing the Act, not for personal satisfaction, banking supervision, or tax assessment.
Choose your answer
The Director's power under Section 12A of the Prevention of Money Laundering Act, 2002 is exercised for-
Answer and explanation
Correct answer C
The Director's power under PMLA s.12A is exercised for purposes of enforcing the Act, not for personal satisfaction, banking supervision, or tax assessment.