Anti-money laundering obligations require covered financial and securities intermediaries to maintain records and report specified and suspicious transactions. Entities subject to obligations under the Prevention of Money Laundering Act, 2002-including banks, specified financial institutions and securities market intermediaries-must maintain records and report: cash transactions above the prescribed threshold; series of related cash transactions occurring within one calendar month; and all suspicious transactions (whether or not in cash), including credits or debits involving non monetary accounts such as demat or security accounts, with both integrally and remotely connected transactions falling within reporting scope.
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.
Anti-money laundering obligations require covered financial and securities intermediaries to maintain records and report specified and suspicious transactions.
Entities subject to obligations under the Prevention of Money Laundering Act, 2002-including banks, specified financial institutions and securities market intermediaries-must maintain records and report: cash transactions above the prescribed threshold; series of related cash transactions occurring within one calendar month; and all suspicious transactions (whether or not in cash), including credits or debits involving non monetary accounts such as demat or security accounts, with both integrally and remotely connected transactions falling within reporting scope.
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