Reporting entity - Person carrying on a designated business or profession - certain activities when carried out for or on behalf of another natural or legal person - Amendment in Notification No. S.O. 1072 (E), dated 07th March, 2023 - S.O. 4877(E) - Prevention of Money-Laundering

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 9th November, 2023 S.O. 4877(E). In exercise of the powers conferred by sub-clause (vi) of clause (sa) of sub-section (1) of section 2 of the Prevention of Money-laundering Act, 2002 (15 of 2003) (hereinafter referred to the as the Act), the Central Government hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance, Department of Revenue, No. F. No. P-12011/12/2022-ES Cell-DOR published vide number S.O. 1072 (E), dated 07th March, 2023 in Part II, Section 3, sub-section (ii) in the Gazette of India, Extraordinary dated the 7th March, 2023 , namely:- In the said notification, the Explanation shall be renumbered as Explanation 1 thereof, and after the Explanation 1 as so renumbered, the following Explanation shall be inserted, namely:- Explanation 2.- For the purposes of activities specified in this notification, the Regulator within the meaning of clause (fa) of sub-rule (1) of rule 2 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 , shall be the Director, Financial Intelligence Unit, India appointed under sub-section (1) of section 49 of the said Act. . [F. No. P-12011/10/2023-ES Cell-DOR] MANOJ KUMAR SINGH, Director (Headquarter)