Record retention obligations: MTSS Indian agents must maintain records for the revised period under amended PMLA and FEMA. Authorised Persons who are Indian Agents under MTSS must comply with KYC, AML and CFT obligations and, pursuant to the amendment to Section 12 of the Prevention of Money Laundering Act, are required to maintain and preserve the records specified in earlier RBI guidance for a period of at least five years; the directions are issued under the Foreign Exchange Management Act and the Prevention of Money Laundering Act and are without prejudice to permissions required under other laws.