PMLA

Master Circular Know Your Customer (KYC) norms / Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under PMLA, 2002

RBI/2013-14/94 DBOD. AML. BC. No. 24/14.01.001/2013-14 July 1, 2013 Ashadha 10, 1935 (saka) The Chairmen/Chief Executive Officers All Scheduled Commercial Banks (excluding RRBs) / All India Financial Institutions/ Local Area Banks Dear Sir, Master Circular Know Your Customer (KYC) norms / Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under PMLA, 2002… Read More

Tags: anti money launderingCommercial bankKnow Your CustomerKYCmoney launderingPMLArbiReserve Bank of IndiaRun batted inTerrorism financing

Identification of ‘beneficial ownership’ under PMLA

RBI/2012-13/385 DBOD.AML.BC. No.71/14.01.001/2012-13 January 18, 2013 The Chairmen/CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks /All India Financial Institutions 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 Please refer to paragraph 2.4 (a) of Master Circular… Read More

Tags: PMLAprevention of money laundering

RBI Clarification on KYC Norms for Cross Border Inward Remittance under MTSS

RBI has issued a circular to clarify that in order to ease the burden on the prospective customers in complying with KYC requirements for doing money transfer activities under the Money Transfer Service Scheme, it has now been decided that: If the address on the document submitted for identity proof by the prospective customer is… Read More

Tags: KYCMTSSPMLArbi

KYC norms /AML Standards/CFT)/Obligation of banks under PMLA, 2002

RBI/2012-13/342 UBD.BPD (PCB) Cir. No. 28/14.01.062/2012-13 December 19, 2012 The Chief Executive Officer of All Primary (Urban) Co-operative Banks Madam/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 Please refer to our Master Circular UBD.BPD. (PCB) MC.No.16/12.05.001/2012-13 dated July… Read More

Tags: CircularKnow Your CustomerKYCMaster CircularModern Language Associationmoney launderingPMLAPrevention of Money Laundering Act 2002rbiTerrorism financingUnique Identification Authority of India

Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002

RBI/2012-13/322 DBOD.AML.BC. No. 65/14.01.001/2012-13 December 10, 2012 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions 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 Please refer to the Master… Read More

Tags: anti money launderingCFTCircular no. 18/2011Combating of Financing of TerrorismKYCPMLArbi

Obligations of Authorised Persons under Prevention of Money Laundering Act (PMLA)

RBI/2012-13/294 A.P. (DIR Series) Circular No. 51 November 15, 2012 To All Authorised Persons in Foreign Exchange Madam/Sir, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards / Combating the Financing of Terrorism (CFT) Obligation of Authorised Persons under Prevention of Money Laundering Act, (PMLA), 2002, as amended by Prevention of Money Laundering (Amendment) Act, 2009… Read More

Tags: CircularPMLAPrevention of Money Laundering Actrbi

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