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Govt. authorizes Central Registry of SARFAESI to act as Central KYC records registry under PMLA




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MINISTRY OF FINANCE
(Department of Financial Services)
NOTIFICATION
New Delhi, the 26th November, 2015

S.O. 3183(E).— In exercise of the powers conferred by clause (j) of Sub-section (2) of Section 73 of the Prevention of Money-Laundering Act, 2002 (15 of 2003), read with clause (aa) of sub-rule (1) of rule 2 and rule 9A of the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005 (hereafter referred to as the said rules), the Central Government hereby authorises the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI), set up under sub-section (1) of Section 20 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), to act as, and to perform the functions of, the Central KYC Records Registry under the said rules, including receiving, storing, safeguarding and retrieving the KYC records in digital form of a “client”, as defined in clause (ha) of sub-section (1) of Section 2 of the Prevention of Money-Laundering Act, 2002.

2. This notification shall come into force on the date of its publication in the Official Gazette.

[F. No.07/03/2012-BO.II]
DR. SHASHANK SAKSENA, Economic Adviser

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