Which of the following is not a power granted to the

Q: Answer-Which of the following is not a power granted to the authorities under the PMLA?

Explanation Under the PMLA, authorities like the ED are empowered to attach properties, conduct search and seizure, survey, freeze accounts, and prosecute offenders. However, issuing banking licenses is the domain of the Reserve Bank of India and not a power under the PMLA

authorities under the PMLA?

A Search and seizure Correct Answer Incorrect Answer

B Attachment of property Correct Answer Incorrect Answer

C Prosecution and punishment Correct Answer Incorrect Answer

D Issuance of banking licenses Correct Answer Incorrect Answer

E Survey and freezing of accounts Correct Answer Incorrect Answer

Solution

Explanation: Under the PMLA, authorities like the ED are empowered to attach properties, conduct search and seizure, survey, freeze accounts, and prosecute offenders. However, issuing banking licenses is the domain of the Reserve Bank of India and not a power under the PMLA

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