The "reason to believe" in Section 18 of the Prevention of Money Laundering Act, 2002 must be-
Under PMLA s.18(1), the "reason to believe" for searching a person must be recorded in writing, not based on hearsay alone, a verbal statement from the reporting entity, or…
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The "reason to believe" in Section 18 of the Prevention of Money Laundering Act, 2002 must be-
Answer and explanation
Correct answer B
Under PMLA s.18(1), the "reason to believe" for searching a person must be recorded in writing, not based on hearsay alone, a verbal statement from the reporting entity, or made optional.