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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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