Multiple choice

The Prevention of Money Laundering Act, 2002 was enacted with which of the following objectives?

  1. To prevent money laundering

  2. To provide for confiscation of property derived from money laundering

  3. To prevent use of banking system for money laundering

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Prevention of Money Laundering Act, 2002 is an act of the Parliament of India that was enacted to prevent money-laundering and to provide for confiscation of property derived from money-laundering. It also prevents use of banking system for money laundering.

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