Reporting obligations require designated officers to notify the Director and maintain records for prescribed suspicious transactions. Every reporting entity must communicate the names and contact details of its Designated Director and Principal Officer to the Director. The Principal Officer shall furnish to the Director the information specified in the referenced clauses of rule 3 and retain a copy for official records. Reporting entities must implement an internal mechanism, guided by Director and regulator guidelines, to detect the listed transactions and furnish information in the form directed. The reporting entity and its designated director, officers and employees must observe the procedure and manner of furnishing information as specified by the Director in consultation with its regulator.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Reporting obligations require designated officers to notify the Director and maintain records for prescribed suspicious transactions.
Every reporting entity must communicate the names and contact details of its Designated Director and Principal Officer to the Director. The Principal Officer shall furnish to the Director the information specified in the referenced clauses of rule 3 and retain a copy for official records. Reporting entities must implement an internal mechanism, guided by Director and regulator guidelines, to detect the listed transactions and furnish information in the form directed. The reporting entity and its designated director, officers and employees must observe the procedure and manner of furnishing information as specified by the Director in consultation with its regulator.
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