Govt. constitutes 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 constitutes an Inter-ministerial Co-ordination Committee (IMCC), consisting of the following members, namely:—
| (i) | Revenue Secretary | Department of Revenue | Chairman |
| (ii) | Secretary | Department of Financial Services | Member |
| (iii) | Secretary | Department of Economic Affairs | Member |
| (iv) | Secretary | Ministry of Corporate Affairs | Member |
| (v) | Secretary (East) | Ministry of External Affairs | Member |
| (vi) | Director, Intelligence Bureau | Ministry of Home Affairs | Member |
| (vii) | Chairman | Securities and Exchange Board of India | Member |
| (viii) | Chairman | Insurance Regulatory and Development Authority of India |
Member |
| (ix) | Deputy Governor (Banking Regulations) |
Reserve Bank of India | Member |
| (x) | Chairman | Central Board of Indirect Taxes and Customs |
Member |
| (xi) | Chairman | Central Board of Direct Taxes | Member |
| (xii) | Special Secretary (Internal Security) |
Ministry of Home Affairs | Member |
| (xiii) | Member (Banking and Direct Benefit Transfer) |
Department of Posts | Member |
| (xiv) | Director | Directorate of Enforcement | Member |
| (xv) | Director General | National Investigation Agency | Member |
| (xvi) | Director General | Narcotics Control Bureau | Member |
| (xvii) | Director | Financial Intelligence Unit-India | Member |
| (xviii) | Director | Serious Fraud Investigation Office | Member |
| (xix) | Director General | Central Economic Intelligence Bureau | Member |
| (xx) | any other member to be co-opted by the chair. | ||
2. The terms of reference of the said Committee are as follows-
(a) operational co-operation between the Government, law enforcement agencies, the Financial Intelligence Unit-India and abcaus.in the regulators or supervisors;
(b) policy co-operation and co-ordination across all relevant or competent authorities;
(c) such consultation among the concerned authorities, the financial sector and other sectors, as are appropriate, and are related to anti-money laundering or countering the financing of terrorism laws, regulations and guidelines;
(d) development and implementing policies on anti-money laundering or countering the financing of terrorism; and
(e) any other matter as the Central Government may specify.
3. The Financial Action Task Force Cell in Department of Revenue shall act as secretariat to the said Committee.
4. This notification shall come into force on the date of its publication in the Gazette of India.
[F. No. F-11011/29/2017-ES Cell-DoR]
ARVIND SARAN, Dy. Secy.
Addition for cash deposits in bank account which were immediately transferred to other accounts deleted in absence any enquiry by…
ITAT disallows 6% for alleged bogus purchases as purchases from unregistered dealers could not be ruled out. In a recent…
CBDT Circular can’t restrict powers of Income Tax Authority u/s 119(2)(b) to condone delay beyond six years In a recent…
Benefit of the cash bought at the time of migration from Pakistan allowed as assessee fulfilled conditions of CBDT Circular…
Ambiguous notices without striking off the irrelevant limb cannot be the foundation of imposition of any penalty – Supreme Court…
Assessment itself is not a process to penalise assessee for earning undisclosed income – High Court upheld application of peak…