Central Government notifies the 31st March, 2018 or six months from the date of commencement of account based relationship by the client - 10/2017 - Prevention of Money-Laundering
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Client identity submission: Aadhaar, PAN or prescribed alternate form must be provided to reporting entities within designated timeframe. Notification requires clients who open account based relationships to provide either the Aadhaar number, the Permanent Account Number, or a prescribed alternate declaration form to the reporting entity within the period specified by the Central Government, thereby operationalizing the record maintenance obligation under the prevention of money laundering rules.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Client identity submission: Aadhaar, PAN or prescribed alternate form must be provided to reporting entities within designated timeframe.
Notification requires clients who open account based relationships to provide either the Aadhaar number, the Permanent Account Number, or a prescribed alternate declaration form to the reporting entity within the period specified by the Central Government, thereby operationalizing the record maintenance obligation under the prevention of money laundering rules.
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