The role of the Administrator under Section 10 of the Prevention of Money Laundering Act, 2002 is…
Under s.10(2)-(3) the Administrator receives, manages and disposes of confiscated property "in such manner and subject to such conditions as may be prescribed". Tracing…
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The role of the Administrator under Section 10 of the Prevention of Money Laundering Act, 2002 is primarily-
Answer and explanation
Correct answer C
Under s.10(2)-(3) the Administrator receives, manages and disposes of confiscated property "in such manner and subject to such conditions as may be prescribed". Tracing proceeds of crime is the Director's work, deciding title belongs to the adjudicating and judicial bodies, and appeals lie to the Appellate Tribunal.