Question

As per the Prevention of Money-Laundering Act, 2002

Q: As per the Prevention of Money-Laundering Act, 2002 whoever commits the offence of money-laundering

Section4Punishmentformoneylaundering

whoever commits the offence of money-laundering shall be punishable with _________________

A Rigorous imprisonment for a term which shall not be less than three years

B Fine of one lakh rupees but which may extend to five lakh rupees

C Rigorous imprisonment for a term which shall not be less than three years but which may extend to seven years and shall also be liable to fine

D Rigorous imprisonment for a term which shall not be less than three years but which may extend to seven years and shall also be liable to fine which may extend to five lakh rupees

E None of the above

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UBI SO LAW Officer

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As per the Prevention of Money-Laundering Act, 2002

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