Under the Prevention of Money-laundering Act, 2002, before commencement of each specified transaction,…
Under PMLA s.12AA(1), before a specified transaction commences, the reporting entity must verify the identity of the client, rather than report to the Director, confiscate…
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Under the Prevention of Money-laundering Act, 2002, before commencement of each specified transaction, a reporting entity is required to-
Answer and explanation
Correct answer A
Under PMLA s.12AA(1), before a specified transaction commences, the reporting entity must verify the identity of the client, rather than report to the Director, confiscate property, or file a complaint.