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    Question

    Which authority has the power to attach property

    believed to be involved in money laundering under the PMLA, 2002?
    A Central Vigilance Commission Correct Answer Incorrect Answer
    B Enforcement Directorate Correct Answer Incorrect Answer
    C CBI Correct Answer Incorrect Answer
    D Income Tax Department Correct Answer Incorrect Answer
    E Reserve Bank of India Correct Answer Incorrect Answer

    Solution

    Under Section 5 of the PMLA, the Director or an officer not below the rank of Deputy Director of the Enforcement Directorate (ED) has the authority to provisionally attach property if there is a reason to believe it is involved in money laundering. This attachment is for 180 days and must be confirmed by the Adjudicating Authority.

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