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Question

According to the Prevention of Money-Laundering Act, 2002 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 but which may extend to seven years Correct Answer Incorrect Answer
B 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 Correct Answer Incorrect Answer
C Rigorous imprisonment for a term which shall not be less than three years and shall also be liable to fine Correct Answer Incorrect Answer
D Rigorous imprisonment for a term which shall not be less than ten years but which may extend to seven years and shall also be liable to fine Correct Answer Incorrect Answer

Solution

Section 4 - Punishment for money-laundering

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