Rigorous imprisonment for 3 – 7 years
Fine of Rs.5 lakhs
Both A & B
None of the above
✅ The correct answer is C.
As per PML Act, 2002, which came into effect from 2005, money laundering is punishable by Rigorous imprisonment for 3 – 7 years and Fine of Rs.5 lakhs.
As per PML Act, 2002, which came into effect from 2005, money laundering is punishable by Rigorous imprisonment for 3 – 7 years and Fine of Rs.5 lakhs.