THE PREVENTION OF MONEY-LAUNDERING (MAINTENANCE OF RECORDS) RULES, 2005 1 — THE PREVENTION OF MONEY -LAUNDERING ACT, 2002

THE PREVENTION OF MONEY-LAUNDERING (MAINTENANCE OF RECORDS) RULES, 2005 1 In exercise of the powers conferred by sub-section (1) read with clause (h), clause (i) , c lause (j) and clause (k) of sub-section (2) of section 73 of the Prevention of Moneylaundering 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 , name ly:- 1. Short title and commencement . -(l) These rules may be called the 2[Prevention of Money-laundering (Maintenance of Records) Rules] , 2005 . (2) They shall come into force on the date " of their publication in the Official Gazette . Definitions.-(l) In these rules, unless the context otherwise requires,- (a) "Act " means the Prevention of Money-laundering Act , 2002 (15 of 2003); 4[(aa) " Central KYCRecords 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 r eceive, store , safeguard and retrieve the KYCrecords 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 D