TMI BlogPrevention of Money-laundering (Maintenance of Records) Amendment Rules, 2023X X X X Extracts X X X X X X X X Extracts X X X X ..... undering Act, 2002 (15 of 2003) , the Central Government hereby makes the following rules further to amend the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 , namely: 1. (1) These rules may be called the Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2023. (2) They shall come into force on the date of their publication in the Official Gaz ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Registration Act, 1860 (21 of 1860) or any similar State legislation or a Company registered under the section 8 of the Companies Act, 2013 (18 of 2013); (iv) after clause (da) the following clause shall be inserted, namely: - (db) Politically Exposed Persons (PEPs) are individuals who have been entrusted with prominent public functions by a foreign country, including the heads of State ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (ii) in sub-rule (6),- (a) in sub-clause (iv), the word and shall be omitted; (b) after sub-clause (v), the following clauses shall be inserted, namely:- (vi) the names of the relevant persons holding senior management position; and (vii) the registered office and the principal place of its business, if it is different. ; (iii) in sub-rule (7),- (a) in clause (iii), the word ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... behalf of the trust. ; (v) after sub-rule (9), the following sub-rules shall be inserted, namely:- (9A) Every Banking Company or Financial Institution or intermediary, as the case may be, shall register the details of a client, in case of client being a non-profit organisation, on the DARPAN Portal of NITI Aayog, if not already registered, and maintain such registration records for a perio ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
