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    • Question

      “Proceeds of crime” is defined under which provision

      of PMLA? 
      A Section 2(1)(k) Correct Answer Incorrect Answer
      B Section 2(1)(u) Correct Answer Incorrect Answer
      C Section 3 Correct Answer Incorrect Answer
      D Section 5 Correct Answer Incorrect Answer
      E Section 8 Correct Answer Incorrect Answer

      Solution

      Section 2(1)(u) defines proceeds of crime as any property derived or obtained directly or indirectly by any person as a result of criminal activity relating to a scheduled offence, including its value equivalent.

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