The Prevention of Money-laundering Act, 2002 is necessary for:
The preamble states that "it is considered necessary to implement the aforesaid resolution and the Declaration", meaning the UN instruments on money-laundering. Basel…
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The Prevention of Money-laundering Act, 2002 is necessary for:
Answer and explanation
Correct answer B
The preamble states that "it is considered necessary to implement the aforesaid resolution and the Declaration", meaning the UN instruments on money-laundering. Basel banking standards, WTO obligations and committee reports on capital account convertibility are not its basis.