Under the Prevention of Money-laundering Act, 2002, money-laundering continues until:
Under the Explanation to section 3, money-laundering "is a continuing activity" that lasts "till such time a person is directly or indirectly enjoying the proceeds of crime"…
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Under the Prevention of Money-laundering Act, 2002, money-laundering continues until:
Answer and explanation
Correct answer B
Under the Explanation to section 3, money-laundering "is a continuing activity" that lasts "till such time a person is directly or indirectly enjoying the proceeds of crime" in any of the listed ways. It does not end merely because the proceeds are passed on, an investigation begins or the property is frozen.