Under the Prevention of Money-laundering Act, 2002, does "person carrying on designated business"…
Section 2(1)(sa)(i) expressly extends "person carrying on designated business or profession" to activities associated with a casino as well as games of chance generally, so…
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Under the Prevention of Money-laundering Act, 2002, does "person carrying on designated business" include casino operators?
Answer and explanation
Correct answer A
Section 2(1)(sa)(i) expressly extends "person carrying on designated business or profession" to activities associated with a casino as well as games of chance generally, so casino operators are included, not excluded as banks or ordinary gaming companies alone.