Under the Prevention of Money-laundering Act, 2002, which of the following statements is correct?
Under PMLA s.10, the Administrator, appointed by the Central Government at not below Joint Secretary rank, manages confiscated property; the other statements wrongly…
Choose your answer
Under the Prevention of Money-laundering Act, 2002, which of the following statements is correct?
Answer and explanation
Correct answer A
Under PMLA s.10, the Administrator, appointed by the Central Government at not below Joint Secretary rank, manages confiscated property; the other statements wrongly describe the appointing authority, rank or function.