Who is authorised to retain or continue freezing of the property under Section 20 of the Prevention of…
Section 20(1) identifies the officer authorised by the Director for the initial retention or continued-freezing decision, supported by the required recorded belief. The…
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Who is authorised to retain or continue freezing of the property under Section 20 of the Prevention of Money Laundering Act, 2002?
Answer and explanation
Correct answer A
Section 20(1) identifies the officer authorised by the Director for the initial retention or continued-freezing decision, supported by the required recorded belief. The Authority also receives earlier retention applications under 17(4)/18(10) and controls continuation beyond 180 days under 20(3)-(4); its involvement does not begin only at day 180.