New Upcoming Legal Jobs Free Workshop March 11 at 5 PM. Register here

    Question

    A was found guilty of money laundering as per the

    provisions of Prevention of Money Laundering Act 2002. What possible actions can be taken against A?
    A Only Fine Correct Answer Incorrect Answer
    B 3 to 7 years rigorous imprisonment Correct Answer Incorrect Answer
    C 3 to 7 years simple imprisonment and fine Correct Answer Incorrect Answer
    D 3 to 7 years rigorous imprisonment and fine Correct Answer Incorrect Answer

    Solution

    Section 4- Punishment for money-laundering—Whoever commits the offence of money-laundering shall  be punishable with rigorous imprisonment for a term which shall not be less than three years but which  may extend to seven years and shall also be liable to fine

    Practice Next