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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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