Prevention of Money Laundering Act, 2002

Section - 12 - Reporting entity to maintain records

[Reporting entity to maintain records.

12. (1) Every reporting entity shall-

(a) - maintain a record of all transactions, including information relating to transactions covered under clause (b), in such manner as to enable it to reconstruct individual transactions;
(b) - furnish to the Director within such time as may be prescribed, information relating to such transactions, whether attempted or executed, the nature and value of which may be prescribed;
(c) -[***]
(d) -[***]
(e) - maintain record of documents evidencing identity of its clients .... To read the full section download the app from Google Play store