Record retention period extended under PMLA maintenance rules, changing the prescribed time for compliance upon Gazette notification. Amendment revises the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 by substituting the shorter prescribed time period in the specified rule with a longer period, thereby altering the temporal compliance requirement for entities subject to the Rules; the Third Amendment Rules, 2015 take effect on publication in the Official Gazette and were issued by the Ministry of Finance (Department of Revenue).
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Record retention period extended under PMLA maintenance rules, changing the prescribed time for compliance upon Gazette notification.
Amendment revises the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 by substituting the shorter prescribed time period in the specified rule with a longer period, thereby altering the temporal compliance requirement for entities subject to the Rules; the Third Amendment Rules, 2015 take effect on publication in the Official Gazette and were issued by the Ministry of Finance (Department of Revenue).
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