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The Ministry of Finance has released thePrevention of Money Laundering (Maintenance of Records) Fourth Amendment Rules, 2020. Read the official notification and all the amendments made in the Rules, below: NOTIFICATION New Delhi, the 28th December, 2020 G.S.R. 800(E).In exercise of the powers conferred by sub-section (1) read with clauses (h), (i), (j) and (k) of sub-section (2) of section 73 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government hereby makes
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FAQ :
These are new rules released by the Ministry of Finance that further amend the Prevention of Money Laundering (Maintenance of Records) Rules, 2005.
The amendment rules came into force on the date of their publication in the Official Gazette, which was December 28, 2020.
The amendments specify that the Central Board of Indirect Taxes and Customs will oversee dealers in precious metals and precious stones, and also real estate agents, under the money laundering regulations.
The Central Board of Indirect Taxes and Customs is mentioned in relation to dealers in precious metals, precious stones, and real estate agents.
The principal rules were published in the Gazette of India on July 1, 2005.
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