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Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Intermediaries) Amendment Rules, 2007.

Money Laundering - 4/2007-E.S - Dated:- 24-5-2007 - MINISTRY OF FINANCE (Department of Revenue) Notification No. 4/2007-E.S. New Delhi, the 24th May, 2007 G.S.R. 389(E).- In exercise of the powers conferred by sub-section (1) read with clause (h), cl .....

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nd the Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clie .....

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y-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Compan .....

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or (d) gives rise to a reasonable ground of suspicion that it may involve financing of the activities relating to terrorism; ; (ii) in rule 3, in sub-rule (1), for clause (C), the following clause shall be substituted, namely, - (C) all cash transac .....

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ted, namely :- 8. Furnishing of information to the Director. -(1) The Principal Officer of a banking company, a financial institution and an intermediary, as the case may be, shall furnish the information in respect of transactions referred to in cla .....

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tion promptly in writing or by fax or by electronic mail to the Director in respect of transactions referred to in clause (C) of sub-rule (1) of rule 3 not later than seven working days from the date of occurrence of such transaction. (3) The Princip .....

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