pri PML (Maintenance of Records) Fifth Amendment Rules, 2019 PML (Maintenance of Records) Fifth Amendment Rules, 2019

Prevention of Money-laundering (Maintenance of Records) Fifth Amendment Rules, 2019. notification is with regard to easing of Aadhaar KYC use for opening of the bank account for the convenience of people who often migrate from place to place for jobs or any other reason and it is not regarding the change of address in Aadhaar card. Also Read- Norms of Aadhaar KYC eased for opening of bank account

MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 13th November, 2019

G.S.R. 840(E).—In exercise of the powers conferred by section 73, read with section 11A and section 12AA of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government hereby makes the following rules further to amend the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, namely:—

1. (1) These rules may be called the Prevention of Money-laundering (Maintenance of Records) Fifth Amendment Rules, 2019.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, in rule 9, after sub-rule  (18), following sub-rule shall be inserted namely:–

“(19) Where a client has provided his Aadhaar number for identification under clause (a) of sub-rule (4) and wants to provide a current address, different from the address as per the identity information available in the Central Identities Data Repository, he may give a self-declaration to that effect to the reporting entity.”.

[F. No. P-12011/18/2019-ES Cell-DOR]

ARVIND SARAN, Director (Headquarter)

Note : The principal rules were published in Gazette of India, Extraordinary, Part-II, Section 3, Sub­section (i) vide number G.S.R. 444 (E), dated the 1st July, 2005 and were last amended vide number G.S.R. 669(E), dated the 18th September, 2019.

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