Notified activities when carried out in the course of business on behalf of or for another person - Amendment in Notification No. S.O. 2135 (E) dated 9th May, 2023 - - S. O. 4876 (E) - Prevention of Money-Laundering
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Definition of Regulator clarified: Director of the Financial Intelligence Unit designated as regulator for specified PMLA activities. Amendment renumbers the existing Explanation as Explanation 1 and inserts Explanation 2 declaring that, for the activities specified in the notification, the Regulator shall be the Director, Financial Intelligence Unit, India appointed under the Act, thereby identifying the authority responsible for regulatory oversight under the PMLA notification.
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.
Definition of Regulator clarified: Director of the Financial Intelligence Unit designated as regulator for specified PMLA activities.
Amendment renumbers the existing Explanation as Explanation 1 and inserts Explanation 2 declaring that, for the activities specified in the notification, the Regulator shall be the Director, Financial Intelligence Unit, India appointed under the Act, thereby identifying the authority responsible for regulatory oversight under the PMLA notification.
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