Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2023

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....d section 12AA of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government hereby makes the following rules further to amend the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, namely : - 1. (1) These rules may be called the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2023.     (2) They shall com....

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....the purpose of this clause, "Control" shall include the right to control the management or policy decision;". (B) after sub-rule (10), the following proviso shall be inserted, namely:- "Provided that in case of a trust, the reporting entity shall ensure that trustees disclose their status at the time of commencement of an account based relationship or when carrying out transactio....