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Question

When is a person said to be guilty of the offence of money-laundering as per the Prevention of Money-Laundering Act, 2002?

A Whosoever directly or indirectly attempts to conceal property Correct Answer Incorrect Answer
B Whosoever directly or indirectly attempts to indulge or knowingly assists or knowingly is a party or is actually involved in 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 A person shall be guilty of offence of money-laundering if such person is involved in one or more of the processes or activities connected with proceeds of crime Correct Answer Incorrect Answer
D Both (b) and (c) Correct Answer Incorrect Answer

Solution

Section 3 Offence of money-laundering.

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