The purpose of survey under Section 16 of the Prevention of Money Laundering Act, 2002 is-
Section 16 lets the authority inspect records, verify proceeds of crime, take information and record statements "which may be useful for, or relevant to, any proceeding…
Choose your answer
The purpose of survey under Section 16 of the Prevention of Money Laundering Act, 2002 is-
Answer and explanation
Correct answer B
Section 16 lets the authority inspect records, verify proceeds of crime, take information and record statements "which may be useful for, or relevant to, any proceeding under this Act". Penalties and exemptions are dealt with by ss.13 and 12(5).