WebPML (Maintenance Of Records) Rules 2005 Overview Rule 1 - Short title and commencement Rule 2 - Definitions Rule 3 - Maintenance of records of transactions Rule 4 - Records … WebMay 29, 2024 · As per Rule 3 of PMLA Rules - Maintenance of records of transactions (nature and value), every reporting entity shall maintain the record of all transactions including, the record of A. all cash transactions of the value of more than rupees ten lakhs or its equivalent in foreign currency;
Period of Preservation of Accounts and Records - TaxGuru
WebSep 12, 2024 · Under PMLA, maintenance of records of transaction which qualify as being of a certain nature and involving an amount greater than the set threshold is considered to … WebApr 11, 2024 · The PML (Maintenance of Records) Rules prescribe the requirements for the maintenance of records and reports to be furnished to FIU-India. Section 12A. This section of the PMLA provides the powers to the director for calling additional information from a reporting entity, which has an obligation to maintain confidentiality. show low girls basketball
Which are the records that need to be maintained under PMLA?
WebPMLA prescribes the obligation of banking companies, financial institutions and intermediaries for verification and maintenance of records of the identity of all its clients and also of all transactions and for furnishing information of such transactions in a prescribed form to the Financial Intelligence Unit-India (FIU-IND). WebAug 20, 2024 · In the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 (hereinafter referred to as the said rules), in the opening portion, after the words “conferred by”, for the words, figures and letters “sub-section (1), read with clauses (i), (j), (jj), (jjj) and (k) of sub-section (2) of section 73”, the words, figure and ... WebEnforcement Directorate show low gmc dealership