The Director's powers under Section 13 of the Prevention of Money Laundering Act, 2002 are-
Section 13(2) allows the Director to issue a warning in writing, direct compliance with specific instructions, direct reports at prescribed intervals, or impose a monetary…
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The Director's powers under Section 13 of the Prevention of Money Laundering Act, 2002 are-
Answer and explanation
Correct answer C
Section 13(2) allows the Director to issue a warning in writing, direct compliance with specific instructions, direct reports at prescribed intervals, or impose a monetary penalty of ten thousand to one lakh rupees for each failure. He imposes the penalty himself; no court is involved.