Client due diligence strengthened: reporting entities must maintain detailed records and report specified transactions promptly to the Director. The 2013 amendments expand obligations on reporting entities under the PMLA by redefining terms, creating the Designated Director role for compliance, broadening the definition of transaction, and requiring robust client due diligence, documented risk assessments and a Client Due Diligence Programme. Reporting entities must maintain detailed transaction and identity records, detect and report specified transactions (including cross border transfers and high value property dealings) to the Director within prescribed timelines, and follow regulator prescribed procedures for record maintenance, reporting and audits.