Q858
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
AnswerD.
None of the above
Answer: Option C
Solution
Answer: Option C
Solution:
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.