TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Ministry Amends Money Laundering Rules: New Definitions, Record-Keeping, and Due Diligence Procedures Introduced.</h1> The Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2013, issued by the Ministry of Finance, amends existing rules under the Prevention of Money-laundering Act, 2002. Key changes include revised definitions such as 'client due diligence' and 'Designated Director,' expanded requirements for maintaining transaction records, and procedures for furnishing information to authorities. The amendments also introduce enhanced client due diligence measures, specify document requirements for various types of clients, and outline the responsibilities of reporting entities in managing and mitigating money laundering and terrorist financing risks. The rules are effective upon publication in the Official Gazette.
TaxTMI 
TaxTMI 
