Google News
logo
Daily Current Affairs
When did the Prevention of Money Laundering Act, 2002, and its associated Rules come into force in India?
A)
2005
B)
2004
C)
2003
D)
2002

Correct Answer :   2005


The Prevention of Money Laundering Act, of 2002, along with its Rules, came into force on July 1, 2005.

This Act was enacted by the NDA government to combat money laundering activities and facilitate the confiscation of property obtained through such illegal means..

Source : dor.gov

Published On : March 25, 2024
Advertisement