The monetary penalty under Section 13(2)(d) of the Prevention of Money Laundering Act, 2002 is…
Section 13(2)(d) allows a monetary penalty "on such reporting entity or its designated director on the Board or any of its employees". Clients and panel auditors are not…
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The monetary penalty under Section 13(2)(d) of the Prevention of Money Laundering Act, 2002 is applicable to-
Answer and explanation
Correct answer B
Section 13(2)(d) allows a monetary penalty "on such reporting entity or its designated director on the Board or any of its employees". Clients and panel auditors are not within the clause.