Under the proviso to section 4 of the Prevention of Money-laundering Act, 2002, the term "proceeds of…
The proviso to section 4 ties the enhanced ten-year maximum to whether the "proceeds of crime involved in money-laundering" relate to a paragraph 2, Part A offence, so this…
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Under the proviso to section 4 of the Prevention of Money-laundering Act, 2002, the term "proceeds of crime" is relevant for-
Answer and explanation
Correct answer B
The proviso to section 4 ties the enhanced ten-year maximum to whether the "proceeds of crime involved in money-laundering" relate to a paragraph 2, Part A offence, so this concept is relevant to enhancing punishment, not jurisdiction, bail, or compounding, which are governed by other provisions.