Any person who knowingly acquires any assets which has been frozen under this Act shall be punishable with imprisonment for a term which may extend to_____________?
Correct answer: B. Three years
- A. One year
- B. Three years
- C. Two years
- D. None of above
Explanation
Knowingly acquiring property frozen under the Act is itself punishable, with imprisonment that may extend to three years. The offence targets dealings intended to defeat the freezing order.
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