Under the Prevention of Money-laundering Act, 2002, if a person knowingly acts as a conduit for crime…
Since section 3 catches anyone who "knowingly assists" or "is actually involved" in the proceeds-of-crime process, a person who knowingly acts as a conduit for such proceeds…
Choose your answer
Under the Prevention of Money-laundering Act, 2002, if a person knowingly acts as a conduit for crime proceeds:
Answer and explanation
Correct answer D
Since section 3 catches anyone who "knowingly assists" or "is actually involved" in the proceeds-of-crime process, a person who knowingly acts as a conduit for such proceeds is punishable under it, even without directly handling or owning the funds himself.