Search For "reporting entities"
Plea in Delhi HC, challenging inclusion of CA, CS' within ambit of reporti
Updated : 2 years, 9 months ago IST
A plea was moved in the Delhi High Court challenging the notification which included Chartered Accountants, Company Secretaries and Cost Accountants within the definition of "reporting entities" under the Prevention of money laundering Act (PMLA) and fastening of criminal liability on them i
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I-T Department conducts verification of Reporting Entities
Updated : 2 years, 11 months ago IST
During the course of verification, several discrepancies were found. It was seen that the bank had not filed SFTs in certain cases and in some others, had not filed complete/accurate particulars. SFTs were not filed in respect of Cash deposits of over Rs.2,700 crore involving more than 10,00
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Non-Compliant NBFCs to verify information under PML Rules to FIU-IND
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar 22 (ANI): Prevention of Money Laundering Act, 2002 (PMLA) and the Rules impose obligation on reporting entities (RE's) including Non-Banking Financial Companies (NBFC's) to verify identity of clients, maintain records and furnish information to FIU-IND.
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