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

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..... s Attention of the Authorised Persons is invited to the A.P.(DIR Series) Circular Nos.21 and 23 dated September 19, 2011 on the risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. The Financial Action Task Force (FATF) has issued a further Statement on October 28, 2011 on the subject (copy enclosed). 3. Authorised Persons are accordingly advised to consider the in .....

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..... ng Act, (PMLA), 2002, as amended by Prevention of Money Laundering (Amendment) Act, 2009 and Prevention of Money-Laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Interme .....

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