The relevant date under Section 12(4) of the Prevention of Money Laundering Act, 2002 is-
Under PMLA s.12(4), the relevant date for the five-year retention period is the later of the two specified events, not the earlier one, and not the date of attachment or…
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The relevant date under Section 12(4) of the Prevention of Money Laundering Act, 2002 is-
Answer and explanation
Correct answer B
Under PMLA s.12(4), the relevant date for the five-year retention period is the later of the two specified events, not the earlier one, and not the date of attachment or reporting.