Under the Prevention of Money-laundering Act, 2002, can a "Director" or "Deputy Director" investigate…
Officers appointed under section 49, including the Director and Deputy Directors, are authorities under the Act with powers of survey, search, seizure, arrest and summons…
Choose your answer
Under the Prevention of Money-laundering Act, 2002, can a "Director" or "Deputy Director" investigate cross-border offences?
Answer and explanation
Correct answer A
Officers appointed under section 49, including the Director and Deputy Directors, are authorities under the Act with powers of survey, search, seizure, arrest and summons under sections 16 to 19 and 50, and "investigation" in section 2(1)(na) means proceedings conducted by the Director for collecting evidence. These powers extend to offences with cross-border implications; they are not reserved to the CBI, the courts or the RBI.