The power of the Director under Section 12A(1) of the Prevention of Money Laundering Act, 2002 is-
Section 12A(1) extends to "any reporting entity" and covers any additional information "as he considers necessary for the purposes of this Act". It is not confined to banks…
Choose your answer
The power of the Director under Section 12A(1) of the Prevention of Money Laundering Act, 2002 is-
Answer and explanation
Correct answer C
Section 12A(1) extends to "any reporting entity" and covers any additional information "as he considers necessary for the purposes of this Act". It is not confined to banks or suspicious transactions and needs no court approval.