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      Question

      Section 23 deals

      with:┬а
      A Condonation of delay Correct Answer Incorrect Answer
      B Presumption where interconnected transactions are involved Correct Answer Incorrect Answer
      C Cognizance of offences Correct Answer Incorrect Answer
      D Protection of action taken in good faith Correct Answer Incorrect Answer
      E Reciprocal arrangements with foreign states Correct Answer Incorrect Answer

      Solution

      Section 23 creates a presumption that interconnected transactions are part of money-laundering unless proved otherwise.

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