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      Question

      Prevention of Money Laundering Act, 2002 came into force

      with effect from?
      A 1 June 2004 Correct Answer Incorrect Answer
      B 15 August 2004 Correct Answer Incorrect Answer
      C 1 July 2005 Correct Answer Incorrect Answer
      D 2 October 2006 Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Prevention of Money Laundering Act, 2002 is an Act of the Parliament of India enacted by the government to prevent money-laundering and to provide for confiscation of property derived from money-laundering. PMLA and the Rules notified there under came into force with effect from July 1, 2005.

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