IIBF AML KYC Practice Questions - IIBF Certificate Examination In AML And KYC (India) Exam

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Under Section 3 of the Prevention of Money Laundering Act (PMLA), 2002 in India, who can be charged with the offence of money laundering?

Only the individual who directly commits the scheduled offence Only the person who receives the final integrated funds in a bank account Any person who directly or indirectly attempts, assists, or is party to any activity connected with the proceeds of crime Only financial institution compliance officers who fail to detect suspicious transactions

Correct Answer:

Any person who directly or indirectly attempts, assists, or is party to any activity connected with the proceeds of crime

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