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Consider the following statements regarding Prevention of Money Laundering Act, 2002 (PMLA). The PMLA is in line with India’s global commitment to combat money laundering, particularly related to crimes involving drugs and narcotics. The Act impose obligation on banking companies and financial institutions to verify identity of clients, maintain records and furnish information in prescribed form to Financial Intelligence Unit – India (FIU-IND). One of its objectives is to confiscate and seize the property obtained from the laundered money.Which of the above statements is/are correct?a)1, 2b)2, 3c)1, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Prevention of Money Laundering Act, 2002 (PMLA). The PMLA is in line with India’s global commitment to combat money laundering, particularly related to crimes involving drugs and narcotics. The Act impose obligation on banking companies and financial institutions to verify identity of clients, maintain records and furnish information in prescribed form to Financial Intelligence Unit – India (FIU-IND). One of its objectives is to confiscate and seize the property obtained from the laundered money.Which of the above statements is/are correct?a)1, 2b)2, 3c)1, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Prevention of Money Laundering Act, 2002 (PMLA). The PMLA is in line with India’s global commitment to combat money laundering, particularly related to crimes involving drugs and narcotics. The Act impose obligation on banking companies and financial institutions to verify identity of clients, maintain records and furnish information in prescribed form to Financial Intelligence Unit – India (FIU-IND). One of its objectives is to confiscate and seize the property obtained from the laundered money.Which of the above statements is/are correct?a)1, 2b)2, 3c)1, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer?.

Solutions for Consider the following statements regarding Prevention of Money Laundering Act, 2002 (PMLA). The PMLA is in line with India’s global commitment to combat money laundering, particularly related to crimes involving drugs and narcotics. The Act impose obligation on banking companies and financial institutions to verify identity of clients, maintain records and furnish information in prescribed form to Financial Intelligence Unit – India (FIU-IND). One of its objectives is to confiscate and seize the property obtained from the laundered money.Which of the above statements is/are correct?a)1, 2b)2, 3c)1, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

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