Under the Prevention of Money-laundering Act, 2002, information obtained under enhanced due diligence…
Under PMLA s.12AA(4), information obtained through enhanced due diligence must be maintained for five years from the date of the transaction, mirroring s.12(3), not three or…
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Under the Prevention of Money-laundering Act, 2002, information obtained under enhanced due diligence measures shall be maintained for-
Answer and explanation
Correct answer B
Under PMLA s.12AA(4), information obtained through enhanced due diligence must be maintained for five years from the date of the transaction, mirroring s.12(3), not three or ten years or until the client leaves.