prpri Govt notifies Dealers in precious/stones & real estate agents under PMLA Act, 2002 Govt notifies Dealers in precious/stones & real estate agents under PMLA Act, 2002

MINISTRY OF FINANCE

(Department of Revenue)

NOTIFICATION

New Delhi, the 28th December, 2020

G.S.R. 799(E).—In exercise of the powers conferred by sub-clause (iv) of clause (sa) of sub-section (1) of section 2 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government hereby notifies the dealers in precious metals, precious stones as persons carrying on designated businesses or professions — if they engage in any cash transactions with a customer equal to or above Rupees ten lakhs, carried out in a single operation or in several operations that appear to be linked.

[F. No. P-12011/14/2020-ES Cell-DOR]

ARVIND SARAN, Director

MINISTRY OF FINANCE

(Department of Revenue)

NOTIFICATION

New Delhi, the 28th December, 2020

G.S.R. 798(E).—In exercise of the powers conferred by sub-clause (iv) of clause (sa) of sub-section (1) of section 2 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government hereby rescinds the notification of the Government of India, Ministry of Finance, Department of Revenue, No. 8/2017, dated 15 November, 2017, published in the Gazette of India, Part II, Section 3, Sub-section (ii), extra-ordinary, vide GSR 1423 (E) dated the 16 November 2017, except as respects things done or omitted to done before such recession and notifies the “Real Estate Agents”, as a person engaged in providing services in relation to sale or purchase of real estate and having annual turnover of Rupees twenty lakhs or above, as “persons carrying on designated businesses or professions”.

[F. No. P-12011/14/2020-ES Cell-DOR]

ARVIND SARAN, Director

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