Modifications under IFSCA (AMl,CFT & KYC) Guidelines, 2022
Modifications under IFSCA (AMl,CFT & KYC) Guidelines, 2022
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Master Guidelines on AML/CFT 2022 – extension of time for Implementation
This has reference to Master Guidelines on Anti-Money Laundering/ Counter Financing of Terrorism (AML/CFT), 2022 issued vide ref. IRDAI/IID/GDL/MISC/ 160/8/2022 dated 1st August 2022. 2. As per the para 2.3 of the Guidelines, the Guidelines would come into force from 1st November 2022.
Master Guidelines on Anti-Money Laundering/ Counter Financing of Terrorism (AML/CFT), 2022
IRDAI had issued Master Guidelines on AML/CFT for General insurers and Life insurers in 2013 and 2015 respectively. Subsequently, multiple circulars had been issued on the subject.
Is SEBI’s focus on Insider trading expected to increase?
Madhabi Puri was appointed as a chairperson of the Securities and Exchange Board of India(SEBI) on 28th February. When she was a whole-time member at SEBI, she was cracking down on insider trading and other violations. An analysis of key investigations conducted during the tenures of different heads shows marked differences in priorities. Some of […]
Upload of KYC records of Self-Help Groups (SHGs) and Joint Liability Groups (JLGs) to CKYCRR
CKYC Communique exempts the reporting entities from uploading Self Help Groups (SHGs) and Joint Liability Groups (JLGs) related KYC records to CKYCR
Exemption from PML Rules for FPI related upload to CKYCRR
CKYC Communique exempts the reporting entities from uploading Foreign Portfolio Investor’s related KYC records to CKYCR.
KYC Identifier Intimation / Notification
CKYC Communique necessitates all the reporting entities to issue a KYC Identifier to each client in a written format and specifies a format to be followed for the same.
Master circular on KYC/AML/CFT for NBFC
In this circular, the Know Your Customer (KYC) guidelines have been revisited in the context of the recommendations made by the Financial Action Task Force (FATF) on Anti Money Laundering (AML) standards and on Combating Financing of Terrorism (CFT)
NESL IU communique
All reporting entities under the Insolvency and Bankruptcy Board of India (IBBI), submitting Information utility compliance to NESL need to now migrate from form C V2.3 to form C V2.5 by 30th November 2021.
Surveillance obligation of Depository participants – NSDL
NSDL published a circular on ‘ ‘Surveillance Obligation of Depository participants’ on 15th July 2021. Refer to the circular for detailed information