The presumption under Section 24(b) of the Prevention of Money Laundering Act, 2002 is:
PMLA s.24(b) provides that "in the case of any other person" the Authority or Court "may presume" that the proceeds of crime are involved in money-laundering. That is…
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The presumption under Section 24(b) of the Prevention of Money Laundering Act, 2002 is:
Answer and explanation
Correct answer B
PMLA s.24(b) provides that "in the case of any other person" the Authority or Court "may presume" that the proceeds of crime are involved in money-laundering. That is discretionary; the mandatory "shall presume" in s.24(a) applies only to the person charged under s.3.