Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2024 - Rule 9 - Client Due Diligence

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..... d 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) Amendment Rules, 2024. (2) They shall come into force on the date of their pub .....

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..... there is a change in the information of the client as existing in the records of Central KYC Records Registry; or (b) the KYC record or information retrieved is incomplete or is not as per the current applicable KYC norms prescribed by the respective regulator; or (c) the validity period of the downloaded documents has lapsed; or (d) the reporting entity considers it necessary in order to ve .....

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..... ntity as per the guidelines issued by the regulator under sub-rule (14) and under clause (g) of sub-rule (2) of rule 9A.". 3. In the principle rules, in rule 9A, in sub-rule (2),in clause (g), for the word "filing", the words "filing, retrieval, and utilisation of" shall be substituted. [F. No. P-12011/12/2022-ES Cell-DOR] RIMJHIM PANDAY, Under Secy. Note: The principal rules were published in .....

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