Verification under Section 12AA(1)(a) of the Prevention of Money Laundering Act, 2002 may be carried…
Section 12AA(1)(a) requires clients undertaking a specified transaction to be identified "by authentication under the Aadhaar" Act, in the prescribed manner; a person not…
Choose your answer
Verification under Section 12AA(1)(a) of the Prevention of Money Laundering Act, 2002 may be carried out using-
Answer and explanation
Correct answer D
Section 12AA(1)(a) requires clients undertaking a specified transaction to be identified "by authentication under the Aadhaar" Act, in the prescribed manner; a person not entitled to an Aadhaar number is identified by another prescribed mode. Self-declarations, references and affidavits are not provided for.