Prevention of Money Laundering Act 2002

˜At par™ cheque facility extended to Cooperative Banks/RRBs by Scheduled Commercial Banks

RBI/2013-14/344 RPCD.CO.RRB.RCB.BC.No. Cir.No. 48/07.51.010//2013-14 October 29, 2013 The Chairman All Regional Rural Banks (RRBs) All State and Central Co-operative Banks (StCBs and CCBs) Dear Sir, Know Your Customer (KYC)/Anti Money Laundering (AML) Standards/Combating Financing of Terrorism (CFT)/ Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 ˜At par™ cheque facility extended to Cooperative… Read More

Tags: BankchequeIndian Settlement SystemsKnow Your CustomerModern Language Associationmoney launderingPrevention of Money Laundering Act 2002Regional Rural Bank

RBI update w.r.t. ˜At par™ cheque facility extended to Cooperative Banks by Scheduled Commercial Banks

RBI/2013-14/332 UBD.BPD (PCB) Cir. No. 32/14.01.062/2013-14 October 22, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks. Madam / Dear Sir, Know Your Customer (KYC)/Anti Money Laundering (AML) Standards/Combating Financing of Terrorism (CFT)/ Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 ˜At par™ cheque facility extended to Cooperative Banks by Scheduled… Read More

Tags: BankchequeIndian Settlement SystemsKnow Your CustomerKYCModern Language Associationmoney launderingPrevention of Money Laundering Act 2002

RBI Directive w.r.t. Operational Procedure to be followed by UCBs for e-KYC exercise

RBI/203-14/263 UBD.BPD (PCB) Cir. No.15/14.01.062/2013-14 September 17, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks. Madam / Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 e-KYC Service of UIDAI Recognising on-line Aadhaar authentication (electronic verification… Read More

Tags: AadhaarKnow Your CustomerKYCmoney launderingPhonePrevention of Money Laundering Act 2002UIDAIUnique Identification Authority of India

RBI Clarifications on KYC / AML Standards & Information sought by UCBs from Customers

RBI/2013-14/228 UBD.BPD (PCB) Cir. No. 11/14.01.062/2013-14 September 05, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks. Madam / Dear Sir, Know Your Customer (KYC)/Anti Money Laundering (AML) Standards/Combating Financing of Terrorism (CFT)/ Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 Information sought by banks from customers - Primary (Urban) Co-operative… Read More

Tags: Acute myeloid leukemiaKnow Your CustomerKYCModern Language Associationmoney launderingPrevention of Money Laundering Act 2002Reserve Bank of IndiaTerrorism financing

RBI note on Money Changing Activities w.r.t. AML Standards/Combating Financing of Terrorism CFT Standards

RBI/2013-14/224 A.P. (DIR Series) Circular No.34 September 04, 2013 To, All Authorised Persons Madam/ Dear Sir, Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Money changing activities Please refer to our A.P.(DIR Series) Circular No. 101 dated May 02, 2013 on risks arising from the deficiencies in AML/CFT regime of certain jurisdiction. 2. Financial… Read More

Tags: Acute myeloid leukemiaFinancial Action Task Force on Money LaunderingForeign Exchange Management ActModern Language Associationmoney launderingprevention of money launderingPrevention of Money Laundering Act 2002Terrorism financing

RBI intimation w.r.t. AML Standards – Cross Border Inward Remittance under Money Transfer Service Scheme

RBI/2013-14/225 A.P.(DIR Series) Circular No.35 September 04, 2013 To, All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme. Madam/ Dear Sir, Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme Please refer to our A.P.(DIR Series) Circular No. 102 dated May 02,… Read More

Tags: Acute myeloid leukemiaFinancial Action Task Force on Money LaunderingForeign Exchange Management ActModern Language Associationmoney launderingprevention of money launderingPrevention of Money Laundering Act 2002Terrorism financing

Simplifying Norms for Periodical Updation of KYC for Urban Cooperative Banks

RBI/2013-14/167 UBD.BPD (PCB) Cir. No. 2 /14.01.062/2013-14 July 31, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir, Know Your Customer (KYC)/Anti Money Laundering (AML) Standards/Combating Financing of Terrorism (CFT)/ Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 Simplifying norms for Periodical Updation of KYC - Primary (Urban) Co-operative… Read More

Tags: Acute myeloid leukemiaanti money launderingBankKnow Your CustomerKYCModern Language Associationmoney launderingPrevention of Money Laundering Act 2002

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

Know Your Customer Norms/Anti-Money Laundering Standards/Combating of Financing of Terrorism/Obligations under PMLA, 2002

RBI/2013-14/135 DBOD.AML.BC.No.29 /14.01.001/2013-14 July 12, 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)/Obligations under Prevention of Money Laundering Act (PMLA), 2002 We invite a reference to paragraph 89 (extracts… Read More

Tags: BankCommercial bankKnow Your CustomerMaster CircularModern Language Associationmoney launderingPrevention of Money Laundering Act 2002Terrorism financing

Cross Border Inward Remittance under Money Transfer Service Scheme

RBI/2012-13/485 A.P. (DIR Series) Circular No. 102 May 2, 2013 To, All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme. Madam/ Dear Sir, Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme Please refer to our A.P.(DIR Series) Circular No. 71 dated… Read More

Tags: Financial Action Task Force on Money LaunderingForeign Exchange Management ActModern Language Associationmoney launderingprevention of money launderingPrevention of Money Laundering Act 2002Terrorism financing

Money changing activities – Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards

RBI/2012-13/484 A.P. (DIR Series) Circular No. 101 May 2, 2013 To, All Authorised Persons Madam/ Dear Sir, Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Money changing activities Please refer to our A.P.(DIR Series) Circular No. 70 dated January 10, 2013 on risks arising from the deficiencies in AML/CFT regime of certain jurisdiction. 2.… Read More

Tags: Financial Action Task Force on Money LaunderingForeign Exchange Management ActModern Language Associationmoney launderingprevention of money launderingPrevention of Money Laundering Act 2002Terrorism financing

CLR Snippets :: Amendment in Money Laundering Act

The Government has recently amended the Money Laundering Act. The objectives of recent amendment in Prevention of Money-laundering Act, 2002 is to strengthen the legislative and administrative framework of the country to prevent money laundering and countering financing of terrorism and capabling to handle the new evolving threats. Bullion traders have expressed that Germs and jewellery sector… Read More

Tags: BullionGermsKnow Your Customermoney launderingPrecious metalPrevention of Money Laundering ActPrevention of Money Laundering Act 2002Terrorism financing

Income Tax notification in relation to Sec 138 of the IT Act – Disclosure of Information

NOTIFICATION NO. 32/2013 Dated: 18/04/2013 Whereas the Central Government is of the opinion that it is necessary to do so in the public interest; and, therefore, in pursuance of sub-clause (ii) of clause (a) Sub-Section (1) of 138 of the Income-tax Act, 1961, the Central Government hereby specifies officers of the rank of Joint Director and above serving… Read More

Tags: Central GovernmentForeign Exchange Management ActGazette of IndiaGovernment of IndiaIndiaministry of financeNew DelhiPrevention of Money Laundering Act 2002

Page 1 of 212

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates