The “Disclosure 360” launch, themed ‘Fighting Financial Crime the New Way’, was held on 23rd July 2024 at the Sofitel Hotel, BKC, it drew an impressive audience of 335 senior professionals, including representatives from 123 client institutions within the BFSI industry.
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
ADVISORY FOR IMPLEMENTATION OF SECTION 12A OF THE WEAPONS OF MASS DESTRUCTION AND THEIR DELIVERY SYSTEMS (PROHIBITION OF UNLAWFUL ACTIVITIES) ACT, 2005
Modifications under IFSCA Guidelines, 2022 for specifying additional AML/CFT/KYC measures & clarifications
All NRIs must adhere to global tax compliance systems for their offshore accounts. One of the most important sets of rules is outlined within the Foreign Account Tax Compliance Act or FATCA for NRIs living in the USA. Any NRI living in the USA and investing in Indian assets will have to adhere to the […]
In an era where personal data security & data privacy are paramount, the Unique Identification Authority of India (UIDAI) brought forth the concept of “Masked Aadhaar.” This innovative feature offers a powerful way to enhance privacy and security for Aadhaar cardholders in India. Masked Aadhaar is a version of the regular Aadhaar card, where the […]
Money laundering as well as terrorist financing are the driving forces behind transnational crimes. As a result of high-value fines and enforcement actions, authorities worldwide have significantly raised their focus on Anti-Money Laundering (AML) compliance in recent years and this shall definitely continue to be the case. India is also a member of various global […]
The funds will be used for research and development, with a focus on artificial intelligence (AI), the firm said in a statement. It also intends to significantly scale up its software-as-a-service (SaaS) offerings, including TrackWizz Screenzaa, and bring in new products in niche areas of financial crime.