The presumption under Section 24(a) of the Prevention of Money Laundering Act, 2002 is mandatory for:
Under PMLA s.24(a), the mandatory presumption applies specifically to a person charged with an offence under s.3, not to any person generally involved with proceeds of…
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The presumption under Section 24(a) of the Prevention of Money Laundering Act, 2002 is mandatory for:
Answer and explanation
Correct answer B
Under PMLA s.24(a), the mandatory presumption applies specifically to a person charged with an offence under s.3, not to any person generally involved with proceeds of crime, government authorities, or foreign nationals alone.