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Date: 2017-10-23 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sub section 1 read with clauses i j jj jjj and k of sub section

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

Executive Summary: This notification, G.S.R. 1318E, issued by the Department of Revenue, Ministry of Finance, on October 23, 2017, announces the Prevention of Moneylaundering Maintenance of Records Sixth Amendment Rules, 2017. These rules further amend the Prevention of Money-laundering Maintenance of Records Rules, 2005, and will come into force on the date of their publication in the Official Gazette. The amendment pertains to officially valid documents for address proof provided by foreign nationals. Key Points / Main Content: Amendments to Prevention of Moneylaundering Maintenance of Records Rules, 2005: * These rules are called the Prevention of Moneylaundering Maintenance of Records Sixth Amendment Rules, 2017. * The rules come into force on the date of their publication in the Official Gazette. Changes to Rule 2: * In sub-rule 1, in clause (d)(i), Clause f in the second proviso shall be omitted. * A new proviso is inserted after the second proviso stating that if a foreign national's officially valid document lacks address details, documents from foreign government departments or a letter from a Foreign Embassy/Mission in India will be accepted as address proof. Impact Analysis: Foreign Nationals: * Impact: Eases address verification requirements for foreign nationals by accepting documents from foreign government departments or letters from Foreign Embassy/Missions in India if their primary ID lacks address details. * Action Required: Ensure that if primary address proof is not available, documentation from foreign government departments or a letter from the Foreign Embassy/Mission in India is presented. Reporting Entities: * Impact: Requires adaptation of customer due diligence processes to accommodate the acceptance of new forms of address verification for foreign nationals. * Action Required: Update internal policies and procedures to reflect the acceptance of documents from foreign government departments or letters from Foreign Embassy/Missions in India as valid address proof for foreign nationals when their officially valid document does not contain address details.

Key Entities Referenced

Prevention of Moneylaundering Act, 2002: An act of the Parliament of India to prevent money-laundering and to provide for confiscation of property derived from, or involved in, money-laundering. Prevention of Moneylaundering Maintenance of Records Rules, 2005: Rules established in 2005 related to the prevention of money laundering and the maintenance of records. Ministry of Finance: The ministry responsible for financial matters in the Government of India. Department of Revenue: A department under the Ministry of Finance, Government of India. New Delhi: The location of the notification, which is the capital of India. BIPLAB KUMAR NASKAR: Under Secretary, signatory of the notification. Foreign Embassy or Mission in India: A diplomatic mission representing a foreign country in India, relevant in the context of address verification. The Gazette of India: Official government publication where the notification is published.
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REGD. NO. D. L.-33004/99 EXTRAORDINARY II— — (i) PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY 868] No. 868] NEW DELHI, MONDAY, OCTOBER 23, 2017/KARTIKA 1, 1939 वित्त मत्रं ालय (राजस्ि विभाग) अविसचू ना नई दिल्ली, 23 अक् तूबर, 2017 सा.का.वन. 1318(अ).—केन्द्रीय सरकार, िन शोिन वनिारण अविवनयम, 2002 (2003 का 15) की िारा 73 की उपिारा (2) के खडं (झ), खंड (ञ), खंड (ञञ), खडं (ञञञ) और खंड (ट) के साथ पठित उपिारा (1) द्वारा प्रित्त शवियों का प्रयोग करत े हुए िन शोिन वनिारण (अवभलेखों का अनुरक्षण) वनयम, 2005 का और संशोिन करने के वलए वनम्नवलवखत वनयम बनाती ह,ै अथाात ् :— 1. (1) इन वनयमों का संवक्षप्त नाम िन शोिन वनिारण (अवभलखे ों का अनुरक्षण) छिा संशोिन वनयम, 2017 ह ै। (2) य ेराजपत्र म ेंप्रकाशन की तारीख को प्रिृत्त होंग े। 2. िन शोिन वनिारण (अवभलेखों का अनरु क्षण) वनयम, 2005 म ेंवनयम 2 के उपवनयम (1) के खंड (घ) में,— (i) िसू रे परं तुक के खंड (च) का लोप दकया जाएगा; (ii) इस प्रकार संशोवित िसू रे परंतकु के पश् चात ् वन‍न वलवखत परंतुक अतं :स्थ ावपत दकया जाएगा, अथाात:्— "परंत ु यह भी दक यदि दकसी वििेशी राव्ि क द्वारा प्रस्त ुत शासकीय प प से विविमान्द् य िस्त ािे म में पत ेके ‍ यौरे अंतर्िा्ट नह ह तो सस े मामले म ें वििेशी अविकाठरतां िाले सरकारी विभागों द्वारा जारी िस्त ािेजों और भारत में वििेशी राजितू ािास या वमशन द्वारा जारी पत्र को पते के सबूत के प प म ेंस् िीकार दकया जाएगा ।"। [अविसूचना सं. 7/2017/फा. सं. पी. 12011/15/2017-ईएस सैल-डीओआर] वबप्लि कुमार नस्कर, अिर सवचि ठटप्पण : मूल वनयम भारत के राजपत्र, आसािारण भाग II, खंड 3, उप-खंड (i) में सा.का.वन. स.ं 444(अ), तारीख 1 जलु ाई, 2005 को प्रकावशत दकए गए थे और तत्पश्चात् सा.का.वन. सं. 717(अ), तारीख 13 दिस‍बर, 2005, सा.का.वन. स.ं 389(अ), तारीख 24 मई, 2007, सा.का.वन. सं. 816(अ), तारीख 12 निंबर, 2009, सा.का.वन. सं. 76(अ), तारीख 12 फरिरी, 6340 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] 2010, सा.का.वन. सं. 508(अ), तारीख 16 जून, 2010, सा.का.वन. सं. 980(अ), तारीख 16 दिसंबर, 2010, सा.का.वन. सं. 481(अ), तारीख 24 जून, 2011, सा.का.वन. सं. 576(अ), तारीख 27 अगस्त, 2013, सा.का.वन. सं. 288(अ), तारीख 15 अप्रलै , 2015, सा.का.वन. सं. 544(अ), तारीख 7 जलु ाई, 2015, सा.का.वन. सं. 693(अ), तारीख 11 वसतंबर, 2015, सा.का.वन. सं. 730(अ), तारीख 22 वसतंबर, 2015, सा.का.वन. सं. 882(अ), तारीख 18 निंबर, 2015, सा.का.वन. सं. 347(अ), तारीख 12 अप्रलै , 2017 सा.का.वन. सं. 538(अ), तारीख 1 जून, 2017, सा.का.वन. सं.1038(अ), तारीख 21 अगस् त, 2017, सा.का.वन. सं. 1057(अ), तारीख 23 अगस् त, 2017 और सा.का.वन. सं. 1300(अ), तारीख 16 अक् तूबर, 2017 को संशोिन दकए गए थ े। MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 23rd October, 2017 G.S.R. 1318(E).—In exercise of the powers conferred by sub-section (1) read with clauses (i), (j), (jj), (jjj) and (k) of sub-section (2) of section 73 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government hereby makes the following further amendments to 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) Sixth Amendment Rules, 2017. (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 2, in sub-rule (1), in clause (d),— (i) In the second proviso, Clause (f) shall be omitted; (ii) after second proviso as so amended, the following proviso shall be inserted, namely:— “Provided also that in case the officially valid document presented by a foreign national does not contain the details of address, in such case the documents issued by the Government departments of foreign jurisdictions and letter issued by the Foreign Embassy or Mission in India shall be accepted as proof of address.”. [Notification No.7/2017/F. No. P. 12011/15/2017-ES Cell-DoR] BIPLAB KUMAR NASKAR, Under Secy. Note : The principal rules were published in Gazette of India, Extraordinary, Part-II, Section 3, Sub-Section (i) vide number G.S.R. 444(E), dated the 1st July, 2005 and subsequently amended by number G.S.R. 717(E), dated the 13th December, 2005, number G.S.R. 389(E), dated the 24th May, 2007, number G.S.R. 816(E), dated the 12th November, 2009, number G.S.R. 76(E), dated the 12th February, 2010, number G.S.R. 508(E), dated the 16th June, 2010, number G.S.R. 980(E), dated the 16th December, 2010, number G.S.R. 481(E), dated the 24th June, 2011 and number G.S.R. 576(E), dated the 27th August, 2013, number G.S.R. 288(E), dated the 15th April, 2015, number G.S.R. 544(E), dated the 7th July, 2015, number G.S.R. 693(E), dated the 11th September, 2015, number G.S.R. 730(E), dated the 22nd September, 2015, number G.S.R. 882(E), dated the 18th November, 2015, number G.S.R. 347(E), dated the 12th April, 2017, number G.S.R. 538(E), dated the 1st June, 2017, number G.S.R. 1038(E), dated the 21st August, 2017, number G.S.R. 1057(E), dated the 23rd August, 2017 and G.S.R. 1300(E), dated the 16th October, 2017. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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