The term "frozen" records under Section 21 of the Prevention of Money Laundering Act, 2002 refers to:
Section 21(1) speaks of records "seized under section 17 or section 18 or frozen under sub-section (1A) of section 17". A freeze under s.17(1A) is used where seizure is not…
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The term "frozen" records under Section 21 of the Prevention of Money Laundering Act, 2002 refers to:
Answer and explanation
Correct answer B
Section 21(1) speaks of records "seized under section 17 or section 18 or frozen under sub-section (1A) of section 17". A freeze under s.17(1A) is used where seizure is not practicable and bars dealing without the officer's prior permission.