Which of the following is NOT a requirement under Section 12(1) of the Prevention of Money Laundering…
PMLA s.12(1) requires maintaining transaction records, furnishing information to the Director, and keeping identity documents; verifying Aadhaar biometrics is instead an…
Choose your answer
Which of the following is NOT a requirement under Section 12(1) of the Prevention of Money Laundering Act, 2002?
Answer and explanation
Correct answer D
PMLA s.12(1) requires maintaining transaction records, furnishing information to the Director, and keeping identity documents; verifying Aadhaar biometrics is instead an identity-verification matter under s.11A, not a s.12(1) requirement.