THE PREVENTION OF MONEY-LAUNDERING (MAINTENANCE OF RECORDS) RULES, 20051 In exercise of the powers conferred… — THE PREVENTION OF MONEY -LAUNDERING ACT, 2002

THE PREVENTION OF MONEY-LAUNDERING (MAINTENANCE OF RECORDS) RULES, 20051 In exercise of the powers conferred by sub-section (1) read with clause (h), clause 'i), clause (j) and clause (k) of sub-section (2) of section 73 of the Prevention of_ Money- laundering Act, 2002 (15 of 2003) the Central Government in consultation with the Reserve Bank of India, hereby makes the following rules for maintenance of records of the nature and value of transactions, the procedure and manner of maintaining and time for furnishing of information and verification of records of the identity of the clients of the banking companies, financial institutions and intermediaries, namely: 1. Short title and commencement: (1) These rules may be called the 2[Prevention of Money-laundering (Maintenance of Records) Rules], 2005. (2) They shall come into force on the date3 of their publication in the Official Gazette_ 2 Definitions_ (1) In these rules, unless the context otherwise requires; (a) Act" means the Prevention of Money-laundering Act, 2002 (15 of 2003); 4[(aa) "Central KYC Records Registry' means a reporting entity, substantially owned and controlled by the Central Government, and authorised by that Government through a notification in the Official Gazette to receive, store, safeguard and retrieve the KYC records in digital form of a client as referred to in clause (ha) in such manner and to perform such other functions as may be required under these rules;] 5[(aaa) Aadhaar number means an identification number as defined under sub-section (a) of section 2 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016;] 5[(aab) "authentication means the process as defined under sub-section (c) of section 2 of the Aadhaar (Targeted Delivery of Financial a