The purpose of Section 15 of the Prevention of Money Laundering Act, 2002 is-
Section 15 prescribes the procedure and manner of maintaining and furnishing information "for the purpose of implementing the provisions of this Act". Immunity is given by…
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The purpose of Section 15 of the Prevention of Money Laundering Act, 2002 is-
Answer and explanation
Correct answer B
Section 15 prescribes the procedure and manner of maintaining and furnishing information "for the purpose of implementing the provisions of this Act". Immunity is given by s.14, and to reporting entities and their staff, not to clients.