Under the Prevention of Money-laundering Act, 2002, "person carrying on designated business" also…
Section 2(1)(sa)(v) concerns notified persons safekeeping and administering cash and liquid securities for others. Audit work alone is not that custody function. Separate…
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Under the Prevention of Money-laundering Act, 2002, "person carrying on designated business" also includes:
Answer and explanation
Correct answer C
Section 2(1)(sa)(v) concerns notified persons safekeeping and administering cash and liquid securities for others. Audit work alone is not that custody function. Separate notifications under the residual limb can cover specified client-facing professional activities; accountants are not categorically outside PMLA.