Economics · Public Finance

What is the primary objective of the Money Laundering Bill in India?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1To encourage foreign direct investment
2To regulate banking transactions for retail customers
3To increase the income tax rates
4To prevent money laundering and confiscate proceeds of crime✓

Correct answer

To prevent money laundering and confiscate proceeds of crime

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What is the primary objective of the Money Laundering Bill in India?

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