Tag: pmla
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 …
Guidelines on Anti-Money Laundering Standards and Combating the Financing of Terrorism. Obligations of Securities Market Intermediaries under PMLA MASTER CIRCULAR SEBI/HO/MIRSD/DOS3/CIR/P/2018/104 July 04,2018 To, All Intermediaries registered w ith SEBI under Section 12 of the Securities and Exc hange Board of India Act, 1992. (Through the stock exchanges for …
Non-Compliant NBFCs which have not fulfilled their obligations under PML Rules relating to registration of Principal Officer have been asked to do so Prevention of Money Laundering Act, 2002 (PMLA) and the Rules impose obligation on reporting entities (RE’s) including Non-Banking Financial Companies (NBFC’s) to verify identity of …
Constitutional Validity of second proviso of section 5(1) of PMLA upheld. Failure to disclose “reasons to believe” would be the entire proceedings illegal-High Court Prelude: The offence of money-laundering is defined under Section 3 PMLA. The punishment is prescribed under Section 4 PMLA. The expression “proceeds of crime” …
List of 53 absconding persons prosecuted under PMLA 2002 Press Information Bureau Government of India Ministry of External Affairs 20-July-2017 17:55 IST Persons Prosecuted Under Prevention of Money Laundering Act As per information received from the Directorate of Enforcement, New Delhi, the prosecution complaint has been filed against …
Aadhaar made Mandatory For Opening Bank Accounts & for Financial Transactions Above Rs. 50000/- MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 1st June, 2017 G.S.R. 538(E).—In exercise of the powers conferred by sub-section (1) read with clause (h), clause (i), clause (j) and clause (k) …
