Under the Prevention of Money-laundering Act, 2002, a cross-border offence is relevant if proceeds of…
Section 2(1)(ra)(i) and (ii) together cover conduct outside India with proceeds transferred into India, and offences in India with proceeds transferred out of India, so a…
Choose your answer
Under the Prevention of Money-laundering Act, 2002, a cross-border offence is relevant if proceeds of crime are transferred:
Answer and explanation
Correct answer D
Section 2(1)(ra)(i) and (ii) together cover conduct outside India with proceeds transferred into India, and offences in India with proceeds transferred out of India, so a cross-border offence can involve movement of proceeds to or from India.