Central Government notifies dealers in precious metals, precious stones as persons carrying on designated businesses or professions - G.S.R. 799(E) - Prevention of Money-Laundering

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 28th December, 2020 G.S.R. 799(E).- In exercise of the powers conferred by sub-clause (iv) of clause (sa) of sub-section (1) of section 2 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government hereby notifies the dealers in precious metals, precious stones as persons carrying on designated businesses or professions if they engage in any cash transactions with a customer equal to or above Rupees ten lakhs, carried out in a single operation or in several operations that appear to be linked. [F. No. P-12011/14/2020-ES Cell-DOR] ARVIND SARAN, Director