The punishment under Section 4 of the Prevention of Money Laundering Act, 2002 becomes more severe when-
Under the proviso to section 4, the maximum term rises from seven to ten years where the proceeds relate to "any offence specified under paragraph 2 of Part A of the…
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The punishment under Section 4 of the Prevention of Money Laundering Act, 2002 becomes more severe when-
Answer and explanation
Correct answer B
Under the proviso to section 4, the maximum term rises from seven to ten years where the proceeds relate to "any offence specified under paragraph 2 of Part A of the Schedule", which covers offences under the Narcotic Drugs and Psychotropic Substances Act, 1985. Absconding, the size of the proceeds or dealing with attached property does not raise the range.