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    Question

    As per the definition of the Proceeds of the Crime under

    section 2(u) of the Prevention of Money-Laundering Act, 2002, it means_______
    A Any property derived or obtained directly by any person as a result of any criminal activity Correct Answer Incorrect Answer
    B Any property derived or obtained, directly or indirectly, by any person as a result of criminal activity relating to a scheduled offence or the value of any such property Correct Answer Incorrect Answer
    C Any property ultimately owned or controlled by a person on whose behalf a transaction is being conducted Correct Answer Incorrect Answer
    D Both (a) & (c) Correct Answer Incorrect Answer

    Solution

    Section 2(u) “proceeds of crime” means any property derived or obtained, directly or indirectly, by any person as a result of criminal activity relating to a scheduled offence or the value of any such property

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