Question

A was found guilty of money laundering as per the provisions of Prevention of Money Laundering Act 2002. What possible actions can be taken against A?

A Only Fine Correct Answer Incorrect Answer
B 3 to 7 years rigorous imprisonment Correct Answer Incorrect Answer
C 3 to 7 years simple imprisonment and fine Correct Answer Incorrect Answer
D 3 to 7 years rigorous imprisonment and fine Correct Answer Incorrect Answer

Solution

Section 4- Punishment for money-laundering—Whoever commits the offence of money-laundering shall  be punishable with 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

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