Tag Archives: Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules 2017.

Aadhaar mandatory for Opening Bank Account & for Transactions Above Rs 50000 , Notification

Aadhaar mandatory for Opening Bank Account The government has made quoting of biometric identity number Aadhaar mandatory for opening of bank accounts as well as for any financial transaction of R 50,000 and above. Existing bank account holders have been asked to furnish the Aadhaar number issued by the Unique Identification Authority of India (UIDAI)… Read More »

Prevention of Money-laundering Rules Amendment – Notification – PAN / Aadhaar Mandatory

Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 : Govt mandates reporting of Aadhaar and PAN to authorities MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 1st June, 2017 G.S.R. 538(E).—In exercise of the powers conferred by sub-section (1) read with clause (h), clause (i), clause (j) and clause (k) of… Read More »