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      Question

      Under PMLA, 'proceeds of crime'

      mean: 
      A Only cash obtained illegally Correct Answer Incorrect Answer
      B Any property derived or obtained from criminal activity Correct Answer Incorrect Answer
      C Income earned by legal means Correct Answer Incorrect Answer
      D Assets held in foreign countries Correct Answer Incorrect Answer
      E Properties only movable in nature Correct Answer Incorrect Answer

      Solution

      ‘Proceeds of crime’ as per PMLA includes movable or immovable property involved in or derived from crime [Section 2(u)].

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