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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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