https://www.taxtmi.com/article/detailed?id=17004 Practising chartered accountants, company secretaries and cost and management accountants may fall within Prevention of Money Laundering Act reporting-entity coverage when undertaking specified financial transactions for clients. The coverage concerns property dealings, management of client assets or accounts, company-related contributions and management, and business-entity transactions. The broad connection to such transactions may extend to related professional assistance. Professionals are expected to conduct client due diligence, examine suspicious transactions involving possible money laundering or terrorist financing, report relevant matters, and retain due-diligence records for five years. en-us Wed, 22 Jul 2026 08:50:17 +0530 Wed, 22 Jul 2026 08:50:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17004 Practising chartered accountants, company secretaries and cost and management accountants may fall within Prevention of Money Laundering Act reporting-entity coverage when undertaking specified financial transactions for clients. The coverage concerns property dealings, management of client assets or accounts, company-related contributions and management, and business-entity transactions. The broad connection to such transactions may extend to related professional assistance. Professionals are expected to conduct client due diligence, examine suspicious transactions involving possible money laundering or terrorist financing, report relevant matters, and retain due-diligence records for five years. Articles Income Tax Wed, 22 Jul 2026 08:50:17 +0530 https://www.taxtmi.com/article/detailed?id=17004