The proviso to Section 4 of the Prevention of Money Laundering Act, 2002 applies when-
The proviso to section 4 raises the maximum to ten years where the proceeds of crime "relate to any offence specified under paragraph 2 of Part A of the Schedule", which…
Choose your answer
The proviso to Section 4 of the Prevention of Money Laundering Act, 2002 applies when-
Answer and explanation
Correct answer C
The proviso to section 4 raises the maximum to ten years where the proceeds of crime "relate to any offence specified under paragraph 2 of Part A of the Schedule", which lists offences under the Narcotic Drugs and Psychotropic Substances Act, 1985. Offences in paragraph 1 (the IPC offences), Part B or Part C do not attract the higher term.