Under the Prevention of Money-laundering Act, 2002, projecting proceeds of crime as untainted property:
Section 3 expressly lists projecting proceeds of crime as untainted property as one of the activities constituting the offence of money-laundering, making it punishable…
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Under the Prevention of Money-laundering Act, 2002, projecting proceeds of crime as untainted property:
Answer and explanation
Correct answer C
Section 3 expressly lists projecting proceeds of crime as untainted property as one of the activities constituting the offence of money-laundering, making it punishable regardless of the amount involved or whether the money is later deposited in a bank.