Under the Prevention of Money-laundering Act, 2002, "transfer" covers:
Section 2(1)(za) says "transfer" includes "sale, purchase, mortgage, pledge, gift, loan or any other form of transfer of right, title, possession or lien". Every form of…
Choose your answer
Under the Prevention of Money-laundering Act, 2002, "transfer" covers:
Answer and explanation
Correct answer D
Section 2(1)(za) says "transfer" includes "sale, purchase, mortgage, pledge, gift, loan or any other form of transfer of right, title, possession or lien". Every form of transfer is covered, so none of the listed kinds is excluded.