Directors, Secretaries, Formation agents brought within the ambit of the prevention of money laundering act
The Ministry of Finance recently issued a notification, extending the scope of the Prevention of Money-laundering Act, 2002 to individuals such as directors, secretaries, partners, trustees, and formation agents, when acting on behalf of or for another person. Such individuals, when performing certain specified activities, will now fall within the definition of “reporting entity” under […]
