Question

Consider the following statements regarding amendments to PMLA in 2012: Statement 1: The 2012 amendments expanded scheduled offences to include cyber crimes. Statement 2: The amendments introduced the concept of criminalized proceeds for PMLA purposes. Statement 3: The definition of "person" was expanded to include associations and organizations. Statement 4: The 2012 amendments reduced the maximum imprisonment from 10 years to 7 years. Which statements are correct?

A Statements 1, 2, and 3 only
B Statements 2 and 3 only
C Statements 1 and 4 only
D Statements 3 and 4 only
E All statements are correct
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