Under Section 12(1) of the Prevention of Money Laundering Act, 2002, which entities are required to…
Under PMLA s.12(1), the obligation to maintain records applies to every reporting entity, not only banking companies, financial institutions, or non-banking companies…
Choose your answer
Under Section 12(1) of the Prevention of Money Laundering Act, 2002, which entities are required to maintain records?
Answer and explanation
Correct answer A
Under PMLA s.12(1), the obligation to maintain records applies to every reporting entity, not only banking companies, financial institutions, or non-banking companies individually.