The Ministry of Finance in its Notification dated 13th November 2019, has published the Prevention of Money-laundering (Maintenance of Records) Fifth Amendment Rules, 2019 to further amend the Prevention of Money-laundering (Maintenance of Records) Rules, 2005.
The amendment is brought under rule 9 which deals with client due diligence, to which new sub rule 19 has been inserted, which allows people who have used Aadhar for KYC and wants to give a current address different from the one in Aadhar, can have it done by giving a self-declaration to that effect to the reporting entity.
Click here to read the Notification
