The maximum period for retaining seized or frozen records under Section 21(1) of the Prevention of…
Under PMLA s.21(1), seized or frozen records may be retained for a maximum period not exceeding 180 days, not 90, 120, or 365 days.
Choose your answer
The maximum period for retaining seized or frozen records under Section 21(1) of the Prevention of Money Laundering Act, 2002 is:
Answer and explanation
Correct answer C
Under PMLA s.21(1), seized or frozen records may be retained for a maximum period not exceeding 180 days, not 90, 120, or 365 days.