Ch.4 · AMFI Code of Conduct · hard
What is the concept of 'Beneficial Ownership' under PMLA as applicable to mutual fund investors?
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EXPLANATION
Beneficial Owner under PMLA is the natural person who ultimately owns, controls, or benefits from an investment, even if the account is held in another name (e.g., a trust or company). Mutual funds must identify and verify beneficial owners for AML compliance.
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