The maximum punishment of ten years under Section 4 of the Prevention of Money Laundering Act, 2002…
The enhanced maximum of ten years applies only in cases falling under the proviso to section 4, where proceeds of crime relate to a paragraph 2, Part A Schedule offence, not…
Choose your answer
The maximum punishment of ten years under Section 4 of the Prevention of Money Laundering Act, 2002 applies-
Answer and explanation
Correct answer C
The enhanced maximum of ten years applies only in cases falling under the proviso to section 4, where proceeds of crime relate to a paragraph 2, Part A Schedule offence, not in every money-laundering case, merely because a fine is imposed, or upon a court recording ordinary reasons.