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    Question

    Whoever is involved in activities connected with

    proceeds of crime, including concealment or possession, and projects it as untainted property, is guilty of___________
    A Tax Evasion Correct Answer Incorrect Answer
    B Money Laundering Correct Answer Incorrect Answer
    C Fraudulent Transfer Correct Answer Incorrect Answer
    D Terrorist Financing Correct Answer Incorrect Answer
    E Corruption Correct Answer Incorrect Answer

    Solution

    Section 3. Offence of money-laundering: 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 1[proceeds of crime including its concealment, possession, acquisition or use and projecting or claiming] it as untainted property shall be guilty of offence of money-laundering.

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