Prevention of Money-laundering Act, 2002 & PML (Maintenance of Records) Rules, 2005
India's AML statute and record-keeping rules setting reporting-entity identity verification, record-keeping and FIU-IND reporting duties.
- Applies in
- India
- Edition
- Act 15 of 2003 as amended; Rules to G.S.R. 419(E) of 2024
- Area
- Financial crime (AML/CFT/CPF)
What an assessor reads first.
The headline requirements in Amoreg’s catalogue, in the issuer’s own numbering where it has one. They are where a review starts, not a transcription of the text.
- Sec. 11AVerify client identityCustomer due diligence
- Sec. 12Keep transaction and identity records for five yearsRecords
- Sec. 12AAApply enhanced due diligence to specified transactionsCustomer due diligence
- Sec. 13Director, FIU-IND may fine reporting entities for non-complianceGovernance
- Rule 3Record cash over Rs 10 lakh, NPO receipts, counterfeit and suspicious transactionsRecords
- Rule 8Report monthly by the 15th and report suspicious transactions promptlyReporting
- Rule 9Perform client due diligence, including beneficial ownersCustomer due diligence
- Rule 9AUpload KYC records to the CKYCRRecords
How Amoreg keeps you on it.
Enable the Prevention of Money-laundering Act, 2002 & PML (Maintenance of Records) Rules, 2005 and the Monitor suggests FIU-IND as a source. Every publication it records keeps its source, stage and date.
Inspector reads your policies against these 8 requirements every week and opens a finding wherever one falls short, citing the rule and drafting the fix. A person decides what is applied.
Each week
- Read fiuindia.gov.in/files/misc/archive.html
- Check the library against 8 requirements
- Open findings with drafted fixes
- Wait for a person to decide
Policy does not yet set out: verify client identity
- Rule
- Prevention of Money-laundering Act, 2002 & PML (Maintenance of Records) Rules, 2005, Sec. 11A
- Area
- Customer due diligence
- Proposed by
- Inspector
- Decided by
- A named person, once reviewed
The same ground, elsewhere.
- FATF RecommendationsThe 40 Recommendations — the international standard every national AML/CFT/CPF regime is measured against.Global · 8 controls
- Wolfsberg Group StandardsIndustry standards for correspondent banking, the CBDDQ/FCCQ questionnaires and effectiveness-based AML programmes.Global · 4 controls
- GFSC Handbook on Countering Financial Crime (AML/CFT/CPF)The Bailiwick's AML/CFT/CPF rules and guidance for financial services businesses and prescribed businesses, issued under the Criminal Justice (Proceeds of Crime) regulations.Guernsey · 8 controls
- JFSC AML/CFT/CPF HandbookHandbook for the prevention and detection of money laundering, terrorist financing and proliferation financing under the Money Laundering (Jersey) Order 2008.Jersey · 8 controls
- Isle of Man AML/CFT Code 2019The Anti-Money Laundering and Countering the Financing of Terrorism Code 2019, with the FSA's AML/CFT Handbook as guidance.Isle of Man · 8 controls
- Cayman Islands Anti-Money Laundering RegulationsThe AMLRs under the Proceeds of Crime Act, read with CIMA's Guidance Notes — departure from the Guidance Notes without justification is treated as non-compliance.Cayman Islands · 8 controls
Also in India
- SEBI (Intermediaries) Regulations, 2008SEBI regulations for all registered intermediaries, covering registration, fit-and-proper criteria, general conduct, inspection and enforcement.India · 8 controls
- SEBI (Prohibition of Insider Trading) Regulations, 2015SEBI regulations preventing insider trading and controlling unpublished price sensitive information (UPSI) at listed companies, intermediaries and fiduciaries.India · 8 controls
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015SEBI regulations for the continuing disclosure and corporate governance obligations of listed entities, read with the LODR master circular.India · 8 controls
- SEBI (Investment Advisers) Regulations, 2013SEBI regulations for the registration, qualifications and client-facing conduct of investment advisers, read with the IA master circular.India · 8 controls
- SEBI Cybersecurity and Cyber Resilience Framework (CSCRF)SEBI framework setting cybersecurity and cyber resilience requirements for SEBI-regulated entities, graded by entity category.India · 8 controls
- RBI (Commercial Banks – Know Your Customer) Directions, 2025RBI's binding KYC/AML/CFT direction for commercial banks under the PML Act and Rules, replacing the repealed 2016 KYC Master Direction.India · 8 controls
Questions
Does Amoreg watch for changes to the Prevention of Money-laundering Act, 2002 & PML (Maintenance of Records) Rules, 2005?
Yes. Enable it and the Monitor suggests Financial Intelligence Unit – India as a source; every publication it records keeps its source, stage and date.
Can Amoreg check our policies against the Prevention of Money-laundering Act, 2002 & PML (Maintenance of Records) Rules, 2005?
Yes. Inspector reads your library against its requirements every week and opens a finding, with the rule it cites and a proposed fix, wherever a policy falls short. A person decides what is applied.
Which edition does Amoreg use?
The catalogue records Act 15 of 2003 as amended; Rules to G.S.R. 419(E) of 2024. Editions were last verified in August 2026, and the Monitor records new publications as they appear.