The Prevention of Money Laundering Act was passed in the year __________ .
The Prevention of Money-Laundering legislation was passed by Parliament in 2002. Presidential assent followed in 2003, while the Act came into force in 2005; these are…
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The Prevention of Money Laundering Act was passed in the year __________ .
Answer and explanation
Correct answer A
The Prevention of Money-Laundering legislation was passed by Parliament in 2002. Presidential assent followed in 2003, while the Act came into force in 2005; these are distinct legislative milestones.
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Maharashtra and Goa SET (MH SET)