The Explanation in Section 12AA of the Prevention of Money Laundering Act, 2002 defines "specified…
The residual limb includes prescribed high-risk transactions. A low value, routine purpose or same-bank route does not by itself establish that prescribed classification or…
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The Explanation in Section 12AA of the Prevention of Money Laundering Act, 2002 defines "specified transaction" to include-
Answer and explanation
Correct answer C
The residual limb includes prescribed high-risk transactions. A low value, routine purpose or same-bank route does not by itself establish that prescribed classification or confer immunity from another applicable category.