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Procedure and Manner
Every reporting entity is required to evolve an internal mechanism for maintaining transactional details in such form and at such intervals as may be specified by its regulator, from time to time.

Rule 5 of the Prevention of Money-laundering (Maintenance of Records Rules, 2005 lays down the procedure and manner of maintaining information.

"5. Procedure and manner of maintaining information
(1) Every reporting entity shall maintain information in respect of transactions with its client referred to in rule 3 in accordance with the procedure and manner as may be specified by its Regulator from time to time.

(2) Every reporting entity shall evolve an internal mechanism for maintaining such information in such form and manner and at such intervals as may be specified by its Regulator from time to time.

(3) It shall be the duty of every reporting entity, its designated director, officer and employees to observe the procedure and the manner of maintaining information as specified by its Regulator under sub-rule (1).”


 
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NDPS Act, 1985

UAPA, 1967

The Prevention of Money Laundering (Amendment) Act, 2012 (Scanned Format)

The Prevention of Money Laundering (Amendment) Act, 2009 (Scanned Format)

The Prevention of Money Laundering (Amendment) Act, 2005 (Scanned Format)

The Prevention of Money Laundering Act, 2002 (Scanned Format)

WARNING

FIU-India does not seek any information from individuals. If any person receives any such letter/query, it is a fraud and it should be immediately reported to the Police and also brought to the notice of FIU-IND...more
 
 
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