Question
Under the Prevention of Money Laundering Act (PMLA),
2002, which of the following is a "reporting entity" under the Act?Solution
Explanation: •Section 2(p) of the PMLA, 2002 defines a "reporting entity" as any person or institution involved in financial transactions that are required to report suspicious activities to the Financial Intelligence Unit (FIU). •This includes banks, financial institutions, and securities intermediaries, among others.
More Banking Related Laws Questions
54% of 250 = 6 × 21 + √?
√ 225 x 24 - √ 144 x 18 = ?
- What will come in place of (?) in the given expression.
(625 ÷ 25) + (144 ÷ 12) – (81 ÷ 9) = ? 
116*2/3% of 18600 + 666*2/3% of 1290 = 457*1/7% of 1750 + 555*5/9% of 3150 + ?
64.5% of 800 +  36.4% of 1500 = (?)² + 38
- Determine the value of ‘p’ if p = √529 + √1444
? ÷ [35% of 379 - 34(4/5)] = 0.4
(1/2) – (3/5) + 3(1/3) = ? + (5/6)
6269 + 0.25 × 444 + 0.8 × 200 = ? × 15
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