The purpose of Section 17 of the Prevention of Money Laundering Act, 2002 is-
Section 17 lets the Director or an authorised officer search premises and seize or freeze records and property relating to money-laundering, for "any investigation under…
Choose your answer
The purpose of Section 17 of the Prevention of Money Laundering Act, 2002 is-
Answer and explanation
Correct answer B
Section 17 lets the Director or an authorised officer search premises and seize or freeze records and property relating to money-laundering, for "any investigation under this Act". Penalties on reporting entities are under s.13 and confirmation of attachment under s.8.