Under the Prevention of Money-laundering Act, 2002, "specified transaction" also includes-
The foreign-exchange limb applies above the prescribed amount. Other transaction forms can independently meet a prescribed cash, high-value or other-category test; their…
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Under the Prevention of Money-laundering Act, 2002, "specified transaction" also includes-
Answer and explanation
Correct answer A
The foreign-exchange limb applies above the prescribed amount. Other transaction forms can independently meet a prescribed cash, high-value or other-category test; their ordinary description alone neither qualifies nor excludes them.