The objective of Section 10 of the Prevention of Money Laundering Act, 2002 is to-
Section 10 appoints Administrators to "receive and manage" property covered by confiscation orders and to dispose of property vested under s.9. Whether property is involved…
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The objective of Section 10 of the Prevention of Money Laundering Act, 2002 is to-
Answer and explanation
Correct answer B
Section 10 appoints Administrators to "receive and manage" property covered by confiscation orders and to dispose of property vested under s.9. Whether property is involved in money-laundering is decided under s.8, and punishment under s.4 is imposed by the Special Court.