The "reason to believe" for retention under Section 20 of the Prevention of Money Laundering Act, 2002…
Under PMLA s.20(1), the "reason to believe" for retention must be recorded in writing, not based on hearsay, made optional, or given verbally.
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The "reason to believe" for retention under Section 20 of the Prevention of Money Laundering Act, 2002 must be-
Answer and explanation
Correct answer B
Under PMLA s.20(1), the "reason to believe" for retention must be recorded in writing, not based on hearsay, made optional, or given verbally.