Q:

One of the major challenges banking industry is facing these days is deliberate efforts of some people to bring money earned through illegal activities in circulation. Which of the following acts has been passed to prevent this activity?

• 1
  Payment and Settlements Act
• 2
  Banking Regulation Act
• 3
  Negotiable Instruments Act
• 4
  Narcotics and Psychotropic Substance Act
• 5
  Prevention of Money Laundering Act