Question
Under PMLA, which of the following authorities is
empowered to provisionally attach property believed to be involved in money laundering?Solution
Section 5(1) of PMLA empowers the Director or any other officer not below the rank of Deputy Director, authorised by him, to provisionally attach property if they have reason to believe that the property is involved in money laundering. This attachment is initially valid for 180 days and is subject to confirmation by the Adjudicating Authority.
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