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      Question

      Which section of the PMLA mandates reporting of

      suspicious transactions by banking companies and other financial institutions?
      A Section 8 Correct Answer Incorrect Answer
      B Section 12 Correct Answer Incorrect Answer
      C Section 13 Correct Answer Incorrect Answer
      D Section 14 Correct Answer Incorrect Answer
      E Section 15 Correct Answer Incorrect Answer

      Solution

      Section 12 imposes obligation on reporting entities to report transactions of funds suspicious under the Act [Section 12].

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