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    Question

    Under Section 3 of the PMLA, which of the following is

    primarily defined as the offence of money laundering? 
    A Direct bribery of a public servant Correct Answer Incorrect Answer
    B Acquisition or possession of proceeds of crime, knowing or having reason to believe they are proceeds of crime Correct Answer Incorrect Answer
    C Tax evasion by companies Correct Answer Incorrect Answer
    D Illegal hoarding of goods Correct Answer Incorrect Answer
    E Permitting unlawful assembly Correct Answer Incorrect Answer

    Solution

    Section 3 defines money laundering as involvement in proceeds of crime with knowledge or reason to believe they are derived from illegal activities [Section 3].

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