With reference to the Prevention of Money Laundering Act (PMLA), 2002, consider the following statements:
1. The Act prescribes that any person found guilty of money-laundering shall be punishable with rigorous imprisonment from 20 years.
2. The Adjudicating Authority is the authority appointed by the central government through notification to exercise jurisdiction, powers and authority conferred under PMLA.
Which of the statements given above is/are correct?