As per PML Act 2002 which came into effect from 2005...

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As per PML Act, 2002, which came into effect from 2005, money laundering is punishable by

A. Rigorous imprisonment for 3 - 7 years

B. Fine of Rs.5 lakhs

C. Both A & B

D. None of the above

Answer: Option C

Solution (By Examveda Team)

As per PML Act, 2002, which came into effect from 2005, money laundering is punishable by Rigorous imprisonment for 3 - 7 years and Fine of Rs.5 lakhs.

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As per PML Act, 2002, which came into effect from 2005, money laundering is punishable by

Solution (By Examveda Team)

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