The key objective of Section 14 of the Prevention of Money Laundering Act, 2002 is-
Section 14, headed "No civil or criminal proceedings against reporting entity, its directors and employees in certain cases", protects them when they furnish information…
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The key objective of Section 14 of the Prevention of Money Laundering Act, 2002 is-
Answer and explanation
Correct answer B
Section 14, headed "No civil or criminal proceedings against reporting entity, its directors and employees in certain cases", protects them when they furnish information under s.12(1)(b). Penalising non-compliance is the job of s.13.