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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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