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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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