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CMA Final · Corporate and Economic Laws · Laws and Regulations related to Anti-Money Laundering

A Deputy Director provisionally attaches property under section 5(1) of the PMLA, 2002. Within what period must the officer file a complaint stating the facts of the attachment before the Adjudicating Authority?

The officer must file a complaint stating the facts of the attachment before the Adjudicating Authority within thirty days of the provisional attachment. The one hundred and eighty days figure is the maximum period for which the attachment order operates, not the complaint deadline.

  1. AWithin seven days of the attachment
  2. BWithin fifteen days of the attachment
  3. CWithin thirty days of the attachmentCorrect
  4. DWithin one hundred and eighty days of the attachment

Explanation

Section 5(5) requires the officer who provisionally attaches property to file the complaint before the Adjudicating Authority within thirty days from the attachment. The 180 days is the maximum duration of the provisional attachment, not the filing period for the complaint.

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