Under the Prevention of Money-laundering Act, 2002, "money-laundering" is defined in:
Section 2(1)(p) states that "money-laundering" has the meaning assigned to it in section 3, the operative provision that actually defines the offence, rather than section…
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Under the Prevention of Money-laundering Act, 2002, "money-laundering" is defined in:
Answer and explanation
Correct answer C
Section 2(1)(p) states that "money-laundering" has the meaning assigned to it in section 3, the operative provision that actually defines the offence, rather than section 49, the RBI Act, or the Banking Regulation Act.