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      Question

      Under the PMLA, the powers of search and seizure are

      exercised by authorised officers under which section?
      A Section 24 Correct Answer Incorrect Answer
      B Section 5 Correct Answer Incorrect Answer
      C Section 45 Correct Answer Incorrect Answer
      D Section 3 Correct Answer Incorrect Answer
      E Section 17 Correct Answer Incorrect Answer

      Solution

      Under Section 17 of the Prevention of Money Laundering Act, authorised officers of the Enforcement Directorate may conduct searches of premises and seize records and property where there is reason to believe that a person has committed an offence of money laundering or is in possession of proceeds of crime or relevant records. The exercise of these powers is subject to the safeguards prescribed in the Act. Search and seizure are important investigative tools for tracing and securing the proceeds of crime.

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