Reportable professional transactions: client-facing financial activities by practicing accountants and secretaries classified as PMLA activity. Central Government notifies that financial transactions carried out by specified practicing professionals on behalf of clients-including immovable property transactions, management of client money, securities or accounts, organising contributions for company formation, and creation or management of companies, LLPs or trusts-are activities within the meaning of the relevant PMLA provision. 'Relevant person' is defined to include individuals holding certificates of practice as chartered accountants, company secretaries, or cost and works accountants, whether practicing individually or through a firm, with 'firm' given the Income tax Act meaning.