Question

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

B Attachment of property

C Prosecution and punishment

D Issuance of banking licenses

E Survey and freezing of accounts

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Solution