Prevention of money laundering authority expansion: three investigative agencies added to the designated entities list under the Act.
The Central Government, exercising powers under clause (ii) of Section 66 of the Prevention of Money Laundering Act and being satisfied it is necessary in the public interest, amends notification G.S.R. 381(E) (27 June 2006) by inserting three additional investigative agencies after serial number (9), thereby expanding the list of entities specified in the original notification.

Enhanced Know Your Customer obligations expand verification, suspicious-transaction scope, nonprofit reporting thresholds and long-term record retention requirements.
Amendments require institutions to adopt enhanced KYC and due-diligence measures: identify and verify clients at account commencement, verify identity for specified transactions and international transfers, identify and verify beneficial owners, exercise ongoing due diligence, prohibit anonymous or fictitious accounts, and implement a Client Identification Programme. The rules broaden the definition of suspicious transaction to include transactions suggesting proceeds of scheduled offences, unusual complexity, lack of economic rationale, or potential terrorism financing, add definitions for non profit organisation and Regulator, mandate reporting of significant receipts by non-profits, require long-term retention of transaction records, and substitute agency-specific references with "its Regulator."