Under the Prevention of Money-laundering Act, 2002, does "property" include property used in the…
The Explanation to section 2(1)(v) clarifies that property includes property of any kind used in the commission of an offence under this Act or any of the scheduled…
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Under the Prevention of Money-laundering Act, 2002, does "property" include property used in the commission of a scheduled offence?
Answer and explanation
Correct answer A
The Explanation to section 2(1)(v) clarifies that property includes property of any kind used in the commission of an offence under this Act or any of the scheduled offences, not merely cash or movable assets acquired as proceeds.