Under the Prevention of Money-laundering Act, 2002, the nature and value of transactions to be reported…
Under PMLA s.12(1)(b), the nature and value of transactions that must be reported are as may be prescribed, so they are fixed by rules rather than by the Act itself, courts,…
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Under the Prevention of Money-laundering Act, 2002, the nature and value of transactions to be reported shall be-
Answer and explanation
Correct answer A
Under PMLA s.12(1)(b), the nature and value of transactions that must be reported are as may be prescribed, so they are fixed by rules rather than by the Act itself, courts, or the reporting entity.