The petitioner sought a direction for quashing a May 3 gazette notification by the Union Ministry of Finance. The high court listed the matter on October 4.
Delhi HC Seeks Centre S Stand On Plea Against Inclusion Of CA, CS Within Reporting Entities Under PMLA menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The Delhi High Court on Monday sought the Centre's stand on a plea taking objection to the inclusion of Chartered Accountants, Company Secretaries and Cost Accountants within 'reporting entities' under the Prevention of Money Laundering Act .
The government designated bullion dealers as ‘Reporting Entities’ to bring them under the Prevention of Money Laundering Act, 2002 (PMLA) and Unlawful Activities (Prevention) Act, 1967, mandating them to adhere to anti-money laundering (AML) standards, and combating proliferation financing obligations