Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2018

Nov 01, 2018 | by Avantis RegTech Legal Research Team


The Department of Revenue on October 31, 2018 has published Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2018 to further amend Prevention of Money-laundering (Maintenance of Records) Rules, 2005.

The amendment in rule 9 which specifies the procedure regarding Verification of the records of the identity of clients, in sub-rule (1A) of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, namely:

for the words “three days”, the words “ten days”, shall be substituted.

[G.S.R. 1078(E)]

URL: http://egazette.nic.in/WriteReadData/2018/191696.pdf


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