August Quiz

Question 1/5
Q1. With reference to the Prevention of Money Laundering Act (PMLA) 2002, consider the following statements: 
  1. The Act has the provision for the seizure and confiscation of the property obtained from the laundered money.
  2. Under the act, the officers of the Directorate of Enforcement have been given powers to investigate cases of Money Laundering.
Which of the statements given above is/are not correct?