Under the Prevention of Money-laundering Act, 2002, which of the following statements is correct?
Section 3 uses the words "directly or indirectly attempts to indulge or knowingly assists or is a party or is actually involved", so both direct and indirect involvement or…
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Under the Prevention of Money-laundering Act, 2002, which of the following statements is correct?
Answer and explanation
Correct answer C
Section 3 uses the words "directly or indirectly attempts to indulge or knowingly assists or is a party or is actually involved", so both direct and indirect involvement or assistance in the process are punishable, not one form alone.