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

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..... o our A.P. (DIR Series) Circular No. 77 dated February 15, 2012 on risks arising from the deficiencies in AML/CFT regime of certain jurisdiction. 2. Financial Action Task Force (FATF) has issued a further Statement on February 16, 2012 on the subject (copy enclosed). 3. Authorised Persons are accordingly advised to consider the information contained in the enclosed statement. 4. This, however, .....

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..... 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 Intermediaries) Rules, 2005 as amended from time to time .....

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