Proof of address of prisoner in a jail under PMLA Maintenance of Records Rules

Proof of address of individual prisoner in a jail – Amendment to PMLA Maintenance of Records Rules 

MINISTRY OF FINANCE
(Department of Revenue)

NOTIFICATION

New Delhi, the 28th May, 2019

G.S.R. 381(E).—In exercise of the powers conferred by sub-section (1) read with clauses (i), (jjj) and (k) of sub-section (2) of section 73 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government hereby makes the following rules further to amend the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, namely:—

1. (1) These rules may be called the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2019.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, in rule 9, in sub-rule (5), in the proviso, in clause (i), the following proviso shall be inserted, namely:-

“Provided that where the individual is a prisoner in a jail, the signature or thumb print shall be affixed in presence of the officer in-charge of the jail and the said officer shall certify the same under his signature and the account shall remain operational on annual submission of certificate of proof of address issued by the officer in-charge of the jail.”.

[F.No. P-12011/15/2018-ES Cell-DOR]

BIPLAB KUMAR NASKAR, Under Secy.

Note: The principal rules were published in Gazette of India, Extraordinary, Part-II, Section 3, Subsection (i) vide numbers G.S.R. 444 (E), dated the 1st July, 2005 and were last amended vide G.S.R. 108(E) dated 13th February, 2019.

Author’s Note:
Rule 9 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 makes it mandatory for every banking company, financial institution etc. to verify records of the identity of the clients called “Client Due Diligence”.