Under the Prevention of Money-laundering Act, 2002, the record of transactions must be maintained in…
Section 12(1)(a) requires a record of all transactions "in such manner as to enable it to reconstruct individual transactions". Audit, prosecution or attachment may later…
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Under the Prevention of Money-laundering Act, 2002, the record of transactions must be maintained in such a manner as to-
Answer and explanation
Correct answer B
Section 12(1)(a) requires a record of all transactions "in such manner as to enable it to reconstruct individual transactions". Audit, prosecution or attachment may later use the records, but they are not the statutory standard.