Amendment in Prevention of Money-laundering Act_ 2002

Ministry of Finance vide a notification ref no. S.O. 1072(E) dated March 7, 2023 has notified following additional activities related to virtual digital assets transfer carried out by a person or on behalf of another natural person or legal person in the course of designated business or profession , namely:

i. Exchange between virtual digital assets and fiat currencies;

ii. Exchange between one or more forms of virtual digital assets;

iii. Transfer of virtual digital assets;

iv. Safekeeping or administration of virtual digital assets or instruments enabling control over virtual digital assets; and

v. Participation in and provision of financial services related to an issuer’s offer and sale of a virtual digital asset.

Source category: Others

Attachments

• /2023/161_2023-03-07_Amendment_in_Prevention_of_Money-laundering_Act__2002.pdf