Q8. Consider the following statements: 1. The Prevention of Money Laun

1.	Q8. Consider the following statements: 1. The Prevention of Money Laundering Act (PMLA) is not a predicate-offence-oriented law. 2. A predicate offence is an offence whose earnings may become the subject of any of the money-laundering offences established under the Convention. Which of the above statements are correct?
Answer» Q8. Consider the following statements: 1. The Prevention of Money Laundering Act (PMLA) is not a predicate-offence-oriented law. 2. A predicate offence is an offence whose earnings may become the subject of any of the money-laundering offences established under the Convention. Which of the above statements are correct?

Q8. Consider the following statements: 1. The Prevention of Money Laundering Act (PMLA) is not a predicate-offence-oriented law. 2. A predicate offence is an offence whose earnings may become the subject of any of the money-laundering offences established under the Convention. Which of the above statements are correct?

Answer»

Q8. Consider the following statements:

1. The Prevention of Money Laundering Act (PMLA) is not a predicate-offence-oriented law.

2. A predicate offence is an offence whose earnings may become the subject of any of the money-laundering offences established under the Convention.

Which of the above statements are correct?