Question
What is the punishment for the offence of money
laundering under Section 4 of PMLA?Solution
Explanation: Section 4 of the PMLA provides for punishment for money laundering. It prescribes rigorous imprisonment for a term which shall not be less than 3 years but may extend to 7 years. However, if the predicate offence is under the Narcotic Drugs and Psychotropic Substances Act, the maximum punishment may extend to 10 years. Fine is also imposed in addition to imprisonment.
More Other Laws and Acts Questions
- Find the wrong number in the given number series.
25, 36, 50, 68, 92, 120 - Find the wrong number in the given number series.
5, 10, 30, 120, 480, 3600 23, 36, 53, 69, 95, 124, 155
112, 130, 155, 196, 254, 342
Find the wrong number in the series.
3, 6, 18, 72, 360, 2160, 1512064, 32, 35, 48, 96
2, 12, 36, 80, 150, 252
88, 112, 78, 120, 64, 136
16,22,30,45,52,66
11Â Â Â Â Â 29Â Â Â Â Â Â 45Â Â Â Â Â 59 Â Â Â Â Â Â 70 Â Â Â Â Â Â Â 81
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