October Quiz

Question 1/5
Q1. With reference to the Prevention of Money Laundering Act (PMLA) 2002, consider the following statements: 
  1. The provisions of PMLA are applicable only to companies and firms and not to individual persons.
  2. Under the PMLA, the burden of proof lies with the accused, who has to prove that the suspect property/assets have not been obtained through proceeds of crime.
  3. The Enforcement Directorate (ED) is responsible for investigating offences under the PMLA.
How many of the above statements are correct?