PMLA stands for Prevention of Money Laundering Act, 2002. So, L stands for Laundering. Prevention of Money Laundering Act, 2002 is an Act of the Parliament of India enacted by the NDA government to prevent money-laundering and to provide for confiscation of property derived from money-laundering.
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.
The most important thing to remember when answering this question is that it really is not about what you did wrong. It's about how you handled a difficult situation and what you learned from it. Describe your biggest failure and discuss what you've learned from it and ideally how you've been successful because of that lesson.The real reason why interviewers ask about your biggest failure is that it reveals a lot about your ability
- to take risks - face challenges - acknowledge your mistakes and - learn from them.