Central Government, constitutes an Inter-ministerial Co-ordination Committee (IMCC) - G.S.R. 762(E) - Prevention of Money-Laundering

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 7th October, 2019 G.S.R. 762(E).- In exercise of the powers conferred by section 72A of the Prevention of Money Laundering Act, 2002 , the Central Government, hereby constitutes an Inter-ministerial Co-ordination Committee (IMCC), consisting of the following members, namely:- (i) Revenue Secretary Department of Revenue - Chairman (ii) Secretary Department of Financial Services - Member; (iii) Secretary Department of Economic Affairs - Member; (iv) Secretary Ministry of Corporate Affairs - Member; (v) Secretary (East) Ministry of External Affairs - Member; (vi) Director, Intelligence Bureau Ministry of Home Affairs - Member; (vii) Chairman Securities and Exchange Board of India - Member; (viii) Chairman Insurance Regulatory and Development Authority of India - Member; (ix) Deputy Governor (Banking Regulations) Reserve Bank of India - Member; (x) Chairman Central Board of Indirect Taxes and Customs - Member; (xi) Chairman Central Board of Direct Taxes - Member; (xii) Special Secretary (Internal Security) Ministry of Home Affairs - Member; (xiii) Member (Banking and Direct Benefit Transfer) Department of Posts - Member; (xiv) Director Directorate of Enforcement - Member; (xv) Director General National Investigation Agency - Member; (xvi) Director General Narcotics Control Bureau - Member; (xvii) Director Financial Intelligence Unit-India - Member; (xviii) Director Serious Fraud Investigation Office - Member; (xix) Director General Central Economic Intelligence Bureau - Member; (xx) any other member to be co-opted by the chair. 1 [ (xxi) Director Central Bureau of Investigation - Member ] 2. The terms of reference of the said Committee are as follows- (a) operational co-operation between the Government, law enforcement agencies, the Financial Intelligence Unit-India and the regulators or supervisors; (b) policy co-operation and co-ordination across all relevant or competent authorities; (c) such consultation among the concerned authorities, the financial sector and other sectors, as are appropriate, and are related to anti-money laundering or countering the financing of terrorism laws, regulations and guidelines; (d) development and implementing policies on anti-money laundering or countering the financing of terrorism; and (e) any other matter as the Central Government may specify. 3. The Financial Action Task Force Cell in Department of Revenue shall act as secretariat to the said Committee. 4. This notification shall come into force on the date of its publication in the Gazette of India. [F. No. F-11011/29/2017-ES Cell-DoR] ARVIND SARAN, Dy. Secy. ************ NOTES:- 1. Inserted vide NOTIFICATION NO. 01/2020 dated 14-01-2020