Can fine imposed under section 13(2) be recovered in the event of default?.
Yes. Section 69 of the Prevention of Money Laundering Act, 2002, provides that where any fine imposed on any person is not paid within six months from the day of imposition of fine, the Director, FIU-IND or any person authorized by him may proceed to recover the amount from the said person in the same manner as prescribed in Schedule II of the Income-tax Act, 1961 (43 of 1961) for the recovery of arrears.
