What happens to seized or frozen records after 180 days if no extension is granted under Section 21(3)…
Under PMLA s.21(3), if no extension is granted, records must be returned to the person from whom they were seized after 180 days, not remain with the Investigating Officer…
Choose your answer
What happens to seized or frozen records after 180 days if no extension is granted under Section 21(3) of the Prevention of Money Laundering Act, 2002?
Answer and explanation
Correct answer B
Under PMLA s.21(3), if no extension is granted, records must be returned to the person from whom they were seized after 180 days, not remain with the Investigating Officer indefinitely, be destroyed, or be sent to the Central Government.