AML

RRBs/StCBs/DCCBs – Simplifying Norms for Periodical Updation of KYC

RBI/2013-14/161 RPCD.RRB.RCB.BC.No.84/07.51.018/2013-14 July 25, 2013 The Chairmen / CEOs of all Regional Rural Banks / State and Central Co-operative Banks Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 - Simplifying norms for Periodical Updation of KYC… Read More

Tags: Acute myeloid leukemiaAMLBankKnow Your CustomerKYCmoney launderingPrevention of Money Laundering Act 2002Terrorism financing

Conference Update :: Day 2 Session Details :: Corporate Crimes & Organisational Integrity Management 2013

Session 1: The role of discreet and covert intelligence gathering in investigating swindle, bribery and corruption Discreet investigative due diligence investigations, enable to minimize organisational risks Deep understanding of investigative, intelligence techniques and analysis in support of corporate investigations Anti corruption and bribery Security issues, particularly related to political violence Session 2: Strategy and map to… Read More

Tags: AMLBusinessCorporate crimeCorporate lawCorporate Law ReporterCorporationCrimeFraudInteragency CoordinationJulyOrganizationPrincess JuhuSecurity

Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) – Standards

RBI/2013-14/123 RPCD.RRB.RCB.AML.No. 342/07.51.018/2013-14 July 05, 2013 The Chairmen / CEOs of all Regional Rural Banks / State and Central Co-operative Banks Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to our letter RPCD.CO.RRB.RCB.AML.No.9753/07.51.018/ 2012-13 dated March 15, 2013 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2.… Read More

Tags: Acute myeloid leukemiaAMLBankFATFFinancial Action Task Force on Money Launderingmoney launderingTerrorism financingUniform resource locator

Anti- Money Laundering (AML) / Combating of Financing of Terrorism (CFT) – Standards

RBI/2012-13/497 DPSS. CO. AD. No. 2051/02.27.005/2012-13 May 8, 2013 Chief Executive Officers of All the Payment System Operators Authorised under the PSS Act, 2007 Dear Sir Anti- Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards Please refer to our circular DPSS.CO.AD.No.1120 /02.27.005/2012-13 dated January 8, 2013 on risk arising from the deficiencies in… Read More

Tags: Acute myeloid leukemiaAMLCFTFATFFinancial Action Task Force on Money Launderingmoney launderingTerrorism financingUniform resource locator

RBI Clarifies Risks arising from the deficiencies in AML regime in certain jurisdictions

RBI/2012-13/434 DBOD. AML.No. 12913/14.01.001/2012-13 March 11, 2013 The Chairmen/CEOs of all Scheduled Commercial Banks(Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to our letter DBOD. AML.No.8422/14.01.001/ 2012-13 dated December 12, 2012 on risks arising from the deficiencies in AML/CFT regime of… Read More

Tags: AMLFinancial Action Task Force on Money Launderingmoney launderingRBI GuidelineTerrorism financingTerrorist financing

RBI penalises Bank for non adherence to AML guidelines

The Reserve Bank of India has imposed a monetary penalty of  Rupees one lakh on The Unava Nagarik Sahakari Bank Ltd., Unava, Dist. Mehsana, Gujarat in exercise of powers vested in it under the provisions of Section 46 read with Section 47A of the Banking Regulation Act, 1949 (AACS) for violation of Reserve Bank of… Read More

Tags: AMLAML guidelines

RBI penalises cooperative banks for violations of KYC and AML norms

The Reserve Bank has imposed a monetary penalty of Rs 1 lakh each on two cooperative lenders -- Randheja Commercial Cooperative Bank and Gandevi People's Cooperative Bank -- for violation of banking norms. The Gandhinagar-based Randheja Commercial Co-operative Bank has been penalised for violation of the RBI instructions on implementation of Know Your Customer (KYC)… Read More

Tags: AMLKYC

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