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    Question

    What minimum punishment does PMLA prescribe for the

    offence of money laundering?
    A 6 months imprisonment Correct Answer Incorrect Answer
    B 1 year imprisonment Correct Answer Incorrect Answer
    C 3 years imprisonment Correct Answer Incorrect Answer
    D 5 years imprisonment Correct Answer Incorrect Answer
    E 7 years imprisonment Correct Answer Incorrect Answer

    Solution

    The Act stipulates rigorous imprisonment not less than 3 years and could extend up to 7 years [Section 4].

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