Answer-Under PMLA, 'proceeds of crime' mean:

Proceeds of crime as per PMLA includes movable or immovable property involved in or derived from crime Section 2u.

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

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

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