Now, international transactions above Rs 50,000 to come under further scrutiny
Wednesday, 18 October 2023
The Indian government has implemented a new amendment to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, to enhance record-keeping for international transactions exceeding Rs 50,000. This move aims to combat terror financing by subjecting such transactions to closer scrutiny.
The Indian government has implemented a new amendment to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, to enhance record-keeping for international transactions exceeding Rs 50,000. This move aims to combat terror financing by subjecting such transactions to closer scrutiny.
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