Under the Prevention of Money-laundering Act, 2002, which of the following is considered a person…
Section 2(1)(sa)(iii) includes "a real estate agent, as may be notified by the Central Government". Buyers of property, borrowers and insurance agents are not persons…
Choose your answer
Under the Prevention of Money-laundering Act, 2002, which of the following is considered a person carrying on designated business?
Answer and explanation
Correct answer A
Section 2(1)(sa)(iii) includes "a real estate agent, as may be notified by the Central Government". Buyers of property, borrowers and insurance agents are not persons carrying on a designated business or profession.