Rule 2005
Prevention of Money-laundering (Maintenance of Records) Rules, 2005
Issued by Financial Intelligence Unit – India
Plain-English summary
Rules made under the PMLA. They cover cash transaction records (Rule 3), the Principal Officer (Rule 7), delivery of reports to the Director, FIU-IND (Rule 8) and client due diligence (Rule 9). The consolidated text on FIU-IND's page is headed PML (Maintenance of Records) Rules 2005 and refers to the Third Amendment Rules, 2023.
Who it applies to
Banking · NBFC / Non-bank Lending · Payments & Fintech · Crypto / VDA · DNFBPs (Lawyers, Accountants, Dealers)
Topics
AML / CFT / Sanctions
Obligations arising from this law or regulation
| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| File cash transaction reports with FIU-IND | Frequency Monthly, by the 15th of the next month | FIU-IND | official | |
Rule 3(1)(A) covers all cash transactions above ₹10 lakh (or the foreign currency equivalent). Rule 3(1)(B) covers a series of integrally connected cash transactions each below ₹10 lakh where the monthly aggregate exceeds ₹10 lakh. Rule 8(1) requires the report to reach the Director by the 15th day of the succeeding month. |
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| File suspicious transaction reports with FIU-IND | Deadline Promptly under Rule 8(2); FIU-IND FAQs state not later than seven working days on being satisfied | FIU-IND | official | |
Rule 8(2) of the PML (Maintenance of Records) Rules requires the Principal Officer, on being satisfied that a transaction is suspicious, to furnish the information promptly in writing, by fax or by electronic mail, to the Director, FIU-IND. FIU-IND's FAQs state 'not later than seven working days on being satisfied'. Section 12(1)(b) of the PMLA covers transactions whether attempted or executed. |
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| No obligations match these filters. | ||||
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