CA CS CMA covered under PMLA

Conditions for CA / CS / CMA covered under PMLA: 

1. Below listed Financial Transactions;

2. Carried out by CA/CS/CMA holding COP;

3. On behalf of his/her client;

4. Shall be an activity for the purpose of section 2(1)(sa)(vi)

Financial Transaction:

1.      Buying and selling of immovable property;

2.       Managing client money, securities and other assets;

3.       Management of bank, savings and securities accounts;

4.       Organisation of contributions for the creation, operation and management of companies;

5.       Creation, operation and management of companies, LLPs or Trusts, and buying and selling of business entities.