Under Section 4 of the Prevention of Money Laundering Act, 2002, punishment is imposed on-
Section 4 opens with the words "Whoever commits the offence of money-laundering", so the punishment it prescribes attaches to anyone who commits that offence under section…
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Under Section 4 of the Prevention of Money Laundering Act, 2002, punishment is imposed on-
Answer and explanation
Correct answer D
Section 4 opens with the words "Whoever commits the offence of money-laundering", so the punishment it prescribes attaches to anyone who commits that offence under section 3, not merely public servants, companies, or persons convicted of the underlying scheduled offence alone.