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Whether any civil proceedings can be initiated for furnishing information?

April 26, 2017Civil furnishing initiated proceedings

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Whether any civil proceedings can be initiated for furnishing information?

1 Answer

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Posted

No. It is provided for in section 14 of the Prevention of Money Laundering Act, 2002, that the banking companies, financial institutions, intermediaries and their officers shall not be liable to any civil proceedings against them for furnishing information under clause (b) of sub-section (1) of section 12.