Banking · Prevention of Money Laundering Act
Under the Prevention of Money Laundering Act (PMLA), 2002, how does the maximum term of imprisonment differ for offences scheduled under the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The maximum term remains unchanged at up to 7 years.
- 2The maximum term of rigorous imprisonment extends up to 10 years.✓
- 3Money laundering related to narcotics carries a maximum term of 14 years.
- 4The maximum term is reduced to 5 years owing to dual-liability provisions.
Correct answer
The maximum term of rigorous imprisonment extends up to 10 years.
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