Under the PMLA, which body lays down the rules for the manner of maintaining and furnishing information by reporting entities?

Under the Prevention of Money Laundering Act, the Central Government, in consultation with the relevant regulators, makes rules prescribing the manner in which reporting entities are to maintain records, verify client identity, and furnish information to the Financial Intelligence Unit. The Prevention of Money-laundering (Maintenance of Records) Rules govern these obligations in detail. These rules operationalise the compliance framework for reporting entities and ensure consistency in the implementation of anti-money-laundering requirements across the financial sector.