The two events referred to in Section 12(4) of the Prevention of Money Laundering Act, 2002 are-
Section 12(4) runs the five-year period for identity records from the later of two events: the end of "the business relationship between a client and the reporting entity"…
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The two events referred to in Section 12(4) of the Prevention of Money Laundering Act, 2002 are-
Answer and explanation
Correct answer A
Section 12(4) runs the five-year period for identity records from the later of two events: the end of "the business relationship between a client and the reporting entity" or the closing of the account. Transaction dates and reports matter for clause (a) records, not clause (e).