The Kerala Real Estate Regulatory Authority on August 22, 2025, issued directions regarding compliance with the Prevention of Money Laundering Act, 2002 (PMLA).
The following has been stated:
This follows a communication from the Director General of Audit (DGA) and a notification by the United Nations Security Council ISIL (Da’esh) and Al-Qaida Sanctions Committee, which on June 16, 2025 added Abubakar Swalleh (Uganda national, ISIL facilitator) to its Sanctions List.
All real estate agents, as Reporting Entities under PMLA, are instructed to:
• Avoid transactions with any individual appearing in the UN Sanctions List.
• Immediately report any such cases to K-RERA and the Financial Intelligence Unit – India (FIU-IND).
• Undertake enhanced due diligence if a client’s details partially or fully match sanctioned individuals.
K-RERA has cautioned that any non-compliance will attract regulatory action under the Real Estate (Regulation and Development) Act, 2016. The Authority urged all agents to remain vigilant and ensure strict adherence to PMLA guidelines.
Please refer to the document for more details.
[Notification No. K-RERA/T1/ 102/2024]
