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The Prevention of MoneyJaundering (Maintenance of Records) Second Amendment Rules, 2017

09 Nov, 2017

  

    Central Governmenl vide gazette notification dated lstJune 2017 nolified the Prevention of Money-laundering (Nraintenance of Records) Second Amendment Rules, 2017 making Aaadhar and PAN/Form 60 mandatory for availing financial services including lnsurance and also for Iinking the existing policies with the same. These Rules have statutory force and, as such, Life and General lnsurers (lncluding Standalone Heallh lnsurers) have to implemenl them without awaiting further instructions.