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    Question

    As per the Prevention of Money-Laundering Act, 2002

    Money-Laundering means Whosoever directly or indirectly attempts to indulge or knowingly assists or knowingly is a party or is actually involved in _______________
    A Processing of criminal proceeds to disguise its criminal origin Correct Answer Incorrect Answer
    B Any process or activity connected with the proceeds of crime including its concealment, possession, acquisition or use and projecting or claiming it as untainted property Correct Answer Incorrect Answer
    C Both (a) & (b) Correct Answer Incorrect Answer
    D None of the above Correct Answer Incorrect Answer

    Solution

    Section 3 Offence of money-laundering

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