When the proviso to Section 4 of the Prevention of Money Laundering Act, 2002 applies, the maximum…
Under the proviso to section 4, where proceeds of crime relate to an offence under paragraph 2 of Part A of the Schedule, the maximum term of imprisonment is enhanced from…
Choose your answer
When the proviso to Section 4 of the Prevention of Money Laundering Act, 2002 applies, the maximum imprisonment may extend to-
Answer and explanation
Correct answer C
Under the proviso to section 4, where proceeds of crime relate to an offence under paragraph 2 of Part A of the Schedule, the maximum term of imprisonment is enhanced from seven years to ten years, rather than to eight years or life imprisonment.