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PMLA - Highlights / Catch Notes

Home Highlights December 2022 Year 2022 This

Money Laundering - Onus on Chartered Accountant (CA) for giving ...

Money Laundering

December 5, 2022

Money Laundering - Onus on Chartered Accountant (CA) for giving certificate - Even on a demurrer, on a perusal of Form 15CB, we find that a Chartered Accountant is required to only examine the nature of the remittance and nothing more. The Chartered Accountant is not required to go into the genuineness or otherwise of the documents submitted by his clients. This could be compared with the legal opinion that are normally given by panel lawyers of banks, after scrutinizing title documents without going into their genuinity. - HC

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