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PMLA - Highlights / Catch Notes

Home Highlights August 2022 Year 2022 This

Safeguarding and retrieving electronic copies of KYC records - ...


Foreign Nationals Exempt from KYC Record Safeguarding in International Financial Services Centres u/r 9A.

August 30, 2022

Act Rules     Money Laundering

Safeguarding and retrieving electronic copies of KYC records - In an International Financial Services Centre, no such receiving, storing, safeguarding and retrieving of records shall be required for a client who is a foreign national - Rule 9A of the PREVENTION OF MONEY-LAUNDERING (MAINTENANCE OF RECORDS) RULES, 2005

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