Question

Under the PMLA, a person is guilty of money laundering if they are found to have directly or indirectly engaged in which of the following activities connected with the proceeds of crime?

A Only concealing the proceeds of crime
B Only possessing the proceeds of crime
C Engaging in concealment, possession, acquisition, use, projecting as untainted property, or claiming as untainted property
D Only using the proceeds of crime for legal purposes
E Reporting the proceeds of crime to authorities
Practice Next

Relevant for Exams:

Hey! Ask a query