CAF-4 · Chapter 15 · Question 2 of 9
Under the Anti-Money Laundering Act, a person found guilty of money laundering shall be punished with rigorous imprisonment. What is the statutory duration of this imprisonment?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Not less than one year but may extend up to ten years.
Explanation
The Act prescribes strict punishment for money laundering, which includes rigorous imprisonment that shall not be less than one year but may extend up to ten years.
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