Category: Prevention of Money Laundering Act 2002

Govt. constitutes Inter-ministerial Co-ordination Committee under PMLA 2002

Govt. constitutes Inter-ministerial Co-ordination Committee under PMLA 2002 Inter-ministerial Co-ordination Committee under PMLA 2002 MINISTRY OF FINANCE(Department of Revenue) NOTIFICATION New Delhi, the 7th October, 2019 G.S.R. 762(E).—In exercise of the powers conferred by section 72A of the Prevention of Money Laundering Act, 2002, the Central Government, hereby …

PMLA-Banks, financial institution to send client KYC records to Central Registry within 10 days

PMLA-Banks, financial institution to send client KYC records to Central Registry within 10 days. the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2018 Under sub rule (1A) of Rule 9 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, every reporting entity ( banking company, financial institution, intermediary or …