Under Section 13(1A) of the Prevention of Money Laundering Act, 2002, the Director may direct the…
Section 13(1A) lets the Director, having regard to the nature and complexity of the case, direct the entity "to get its records, as may be specified, audited by an…
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Under Section 13(1A) of the Prevention of Money Laundering Act, 2002, the Director may direct the reporting entity to-
Answer and explanation
Correct answer B
Section 13(1A) lets the Director, having regard to the nature and complexity of the case, direct the entity "to get its records, as may be specified, audited by an accountant from amongst a panel of accountants, maintained by the Central Government". Under s.13(1B) the Central Government bears the cost of the audit.