Under the Prevention of Money-laundering Act, 2002, the Director may call for which of the following in…
Besides the records under ss.11A, 12(1) and 12AA(1), s.12A(1) allows the Director to call for "any additional information as he considers necessary for the purposes of this…
Choose your answer
Under the Prevention of Money-laundering Act, 2002, the Director may call for which of the following in addition to statutory records?
Answer and explanation
Correct answer B
Besides the records under ss.11A, 12(1) and 12AA(1), s.12A(1) allows the Director to call for "any additional information as he considers necessary for the purposes of this Act". The power does not depend on RBI approval or the client's consent.