Record-retention period extended by amendment, increasing the statutory preservation timeframe for specified records under PMLA rules. The Fourth Amendment Rules, 2015 substitute the retention period in rule 9A(1) of the Prevention of Money laundering (Maintenance of Records) Rules, 2005, replacing the prior ninety day requirement with a longer statutory preservation period; the amendment is effected by Central Government notification and comes into force on publication in the Official Gazette.
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Record-retention period extended by amendment, increasing the statutory preservation timeframe for specified records under PMLA rules.
The Fourth Amendment Rules, 2015 substitute the retention period in rule 9A(1) of the Prevention of Money laundering (Maintenance of Records) Rules, 2005, replacing the prior ninety day requirement with a longer statutory preservation period; the amendment is effected by Central Government notification and comes into force on publication in the Official Gazette.
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