What power does section 16(3)(iii) of the Prevention of Money-laundering Act, 2002 give the authority…
Section 16(3)(iii) allows the authority to record a statement of a person present when it may be useful or relevant to proceedings under the Act. The provision confers a…
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What power does section 16(3)(iii) of the Prevention of Money-laundering Act, 2002 give the authority conducting a survey?
Answer and explanation
Correct answer C
Section 16(3)(iii) allows the authority to record a statement of a person present when it may be useful or relevant to proceedings under the Act. The provision confers a power rather than an obligation to record every relevant statement.