Which of the following best describes Section 40 of the Prevention of Money Laundering Act, 2002?
PMLA s.40 states that the listed Chairman, Members and officers shall be deemed to be public servants, a deeming provision creating a legal fiction rather than defining a…
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Which of the following best describes Section 40 of the Prevention of Money Laundering Act, 2002?
Answer and explanation
Correct answer C
PMLA s.40 states that the listed Chairman, Members and officers shall be deemed to be public servants, a deeming provision creating a legal fiction rather than defining a substantive offence, procedural safeguard, or punishment.