The "reason to believe" in Section 17 of the Prevention of Money Laundering Act, 2002 must be-
Under PMLA s.17(1), the officer's "reason to believe" for search and seizure must be recorded in writing, not left oral, based on the client's verbal confirmation, or…
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The "reason to believe" in Section 17 of the Prevention of Money Laundering Act, 2002 must be-
Answer and explanation
Correct answer D
Under PMLA s.17(1), the officer's "reason to believe" for search and seizure must be recorded in writing, not left oral, based on the client's verbal confirmation, or dispensed with altogether.