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 laundering, Commercial bank, Know Your Customer, KYC, money laundering, PMLA, rbi, Reserve Bank of India, Run batted in, Terrorism 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: PMLA, prevention 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
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: Circular, Know Your Customer, KYC, Master Circular, Modern Language Association, money laundering, PMLA, Prevention of Money Laundering Act 2002, rbi, Terrorism financing, Unique 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 laundering, CFT, Circular no. 18/2011, Combating of Financing of Terrorism, KYC, PMLA, rbi
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: Circular, PMLA, Prevention of Money Laundering Act, rbi