Multiple choice

If a person commits offence under Prevention of Money Laundering Act, 2002, he shall be liable for fine

  1. up to Rs. 10 lac

  2. up to Rs. 5 lac

  3. up to Rs. 2 lac

  4. up to Rs. 1 lac
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Persons found guilty of an offence of Money Laundering are punishable with imprisonment for a term which shall not be less than three years but may extend up to seven years and shall also be liable to a fine up to Rs. 5 lac (Section 4 of the Act).

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