Under the Prevention of Money-laundering Act, 2002, "reporting entity" includes:
Section 2(1)(wa) defines "reporting entity" as "a banking company, financial institution, intermediary or a person carrying on a designated business or profession", and…
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Under the Prevention of Money-laundering Act, 2002, "reporting entity" includes:
Answer and explanation
Correct answer B
Section 2(1)(wa) defines "reporting entity" as "a banking company, financial institution, intermediary or a person carrying on a designated business or profession", and casino operators fall in the last class. The Enforcement Directorate, the Appellate Tribunal and Special Courts are authorities under the Act, not reporting entities.