Question
Consider the following statements regarding the definition of "Proceeds of Crime" under Section 2(1)(u) of the Prevention of Money Laundering Act, 2002: Statement 1: Proceeds of crime includes any property derived from or obtained, directly or indirectly, by any person as a result of criminal activity relatable to scheduled offences. Statement 2: Property acquired by a person through legitimate means becomes proceeds of crime if the person is suspected of committing any crime. Statement 3: Proceeds of crime include property mixed with proceeds from legitimate sources. Statement 4: Proceeds of crime are limited to cash and currency notes only. Which statements are correct?
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