Question

For how long must a reporting entity maintain records of transactions under the PMLA?

Q: Answer-For how long must a reporting entity maintain records of transactions under the PMLA?

Section 12 Reporting entity to maintain records 3 The records referred to in clause a of sub-section 1 shall be maintained for a period of five years from the date of transaction between a client and the reporting entity.

A Ten years from the date of the transaction

B Two years from the date of the transaction

C Five years from the date of the transaction

D Indefinitely, without a specific time limit

E One year from the date of the transaction

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For how long must a reporting entity maintain records of transactions under the PMLA?

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