Under the Prevention of Money-laundering Act, 2002, which of the following is true about indirect…
Section 3's language covering a person who "directly or indirectly" attempts, assists, or is involved makes indirect involvement in the proceeds-of-crime process punishable,…
Choose your answer
Under the Prevention of Money-laundering Act, 2002, which of the following is true about indirect involvement in the process connected with proceeds of crime?
Answer and explanation
Correct answer B
Section 3's language covering a person who "directly or indirectly" attempts, assists, or is involved makes indirect involvement in the proceeds-of-crime process punishable, without restricting liability to amounts above one crore rupees or to public servants.