Amendment to the Master Direction – Know Your Customer (KYC) Direction, 2016 Please refer to the Master Direction – Know Your Customer (KYC) Direction, 2016 dated February 25, 2016, as amended from time to time, in terms of which Regulated Entities (REs) have to undertake Customer Due Diligence (CDD), as per the process laid out […]
Upstox, one of India’s largest stock trading and investment platforms has become first in its category to implement real-time Anti Money Laundering checks provided by Screenzaa
In an ever changing business environment and the increasing level of complexities in the banking and other financial products offered by banks and other regulated entities (REs), there is always a likely exposure to the elevated money laundering (ML)/ terrorist financing (TF)/ proliferation financing (PF) risks.
The Financial Action Task Force (FATF) is an independent inter-governmental body that develops and promotes policies to protect the global financial system against money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction. The FATF Recommendations
are recognised as the global anti-money laundering (AML) and counter-terrorist financing (CTF) standard.
India’s outstanding outcome at the FATF Mutual Evaluation and the adoption of the Mutual Evaluation Report at the FATF plenary in Singapore is a significant milestone in the nation’s effort to combat money laundering (ML) and terrorist financing (TF).
Reg-tech companies like TSS are ushering in a necessary change by providing capital markets, listed companies, MSMEs & other stakeholders with an important database such as Disclosure 360…
In exercise of the powers conferred by section 73 read with sections 11A and 12AA of the Prevention of Money-laundering Act, 2002, the Central Government hereby makes the following rules further to amend the Prevention of Money-laundering (Maintenance of Records) Rules, 2005.
The KYC record of a client is uploaded on the system of KRAs by the intermediaries performing client due diligence as per the provisions of SEBI KRA Regulations, 2011. Additionally, the KYC information is uploaded on CKYCRR by the intermediaries in terms of SEBI master circular SEBI/HO/MIRSD/SECFATF/P/CIR/2023/169 dated Oct 12, 2023 on KYC norms in […]
Dr. John Mathews , CAMS John has spent over 36 years in financial services, largely with HDFC Ltd. and HDFC AMC where he served in various capacities. He is ex EVP & Head – Corporate Client Services at HDFC AMC and its first Principal Officer – AML. He has served on committees with SEBI, AMFI […]
IFSCA (AML , CFT & KYC) Guidelines, 2022