Under the Prevention of Money-laundering Act, 2002, an "Assistant Director" functions under:
Assistant Directors are appointed under section 49(1) as PMLA authorities, and in practice they function as officers of the Directorate of Enforcement, the agency that…
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Under the Prevention of Money-laundering Act, 2002, an "Assistant Director" functions under:
Answer and explanation
Correct answer C
Assistant Directors are appointed under section 49(1) as PMLA authorities, and in practice they function as officers of the Directorate of Enforcement, the agency that investigates money-laundering, rather than the RBI, Adjudicating Authority, or Appellate Tribunal.