Which sections of PMLA are directly linked to Section 23 of the Prevention of Money Laundering Act, 2002?
PMLA s.23 raises its presumption "for the purposes of adjudication or confiscation under section 8 or for the trial of the money-laundering offence". It is not tied to…
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Which sections of PMLA are directly linked to Section 23 of the Prevention of Money Laundering Act, 2002?
Answer and explanation
Correct answer B
PMLA s.23 raises its presumption "for the purposes of adjudication or confiscation under section 8 or for the trial of the money-laundering offence". It is not tied to provisional attachment under s.5, search under s.17 or arrest under s.19.