The Prevention of Money-laundering Act, 2002 was enacted to:
The long title says the Act is "to prevent money-laundering and to provide for confiscation of property derived from, or involved in, money-laundering". Banking regulation,…
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The Prevention of Money-laundering Act, 2002 was enacted to:
Answer and explanation
Correct answer C
The long title says the Act is "to prevent money-laundering and to provide for confiscation of property derived from, or involved in, money-laundering". Banking regulation, State borrowing and political donations are governed by other laws.