Under the Prevention of Money-laundering Act, 2002, a cross-border offence does not include:
Section 2(1)(ra) includes actual inward transfer after the qualifying foreign conduct, and actual or attempted outward transfer after a scheduled Indian offence. A failed…
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Under the Prevention of Money-laundering Act, 2002, a cross-border offence does not include:
Answer and explanation
Correct answer A
Section 2(1)(ra) includes actual inward transfer after the qualifying foreign conduct, and actual or attempted outward transfer after a scheduled Indian offence. A failed outward attempt can qualify even if the proceeds remain in India. Retention without any attempted foreign transfer lacks this element.