Which of the following is not correct regarding Section 23 of the Prevention of Money Laundering Act,…
Under PMLA s.23, the presumption applies for adjudication, confiscation, and trial, is rebuttable, and covers inter-connected transactions, but it does not by itself…
Choose your answer
Which of the following is not correct regarding Section 23 of the Prevention of Money Laundering Act, 2002?
Answer and explanation
Correct answer C
Under PMLA s.23, the presumption applies for adjudication, confiscation, and trial, is rebuttable, and covers inter-connected transactions, but it does not by itself automatically prove guilt, which the other statements correctly capture.