Consider the following statements with reference to the Prevention of Money Laundering Act, 2002 : I. The Act empowers authorities like the Director to attach property believed to be “proceeds of cri…

Question

Consider the following statements with reference to the Prevention of Money Laundering Act, 2002 : I. The Act empowers authorities like the Director to attach property believed to be “proceeds of crime”. II. Offenses under Part A of the Schedule deal with trans- border crimes and reflect the dedication to tackle money laundering across the global boundaries. III. The Act and the Rules notified thereunder came into force with effect from 2005. IV. The Act has provided for an Appellate Tribunal and Special Court to conduct the trial of the offenses of money laundering. Which of the statements given above are correct?

PYQPulse · Accepted Answer

I, III and IV only

Answer: B. I, III and IV only

Answer: B. I, III and IV only