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).
ADVISORY FOR IMPLEMENTATION OF SECTION 12A OF THE WEAPONS OF MASS DESTRUCTION AND THEIR DELIVERY SYSTEMS (PROHIBITION OF UNLAWFUL ACTIVITIES) ACT, 2005
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 […]
Procedure for implementation of Section 12A of “The Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005“.
Registration of Trust and Company Service Provider (TCSP) with FIU–IND in FINNET 2.0 portal as Reporting Entity – reg.
का.आ. 2135(अ).—कें द्रीय सरकार, धनिोधन जनिारण अजधजनयम, 2002 (2003 का 15) की धारा 2 की उपधारा (1) के खंड (धक) के उपखंड (vi) द्वारा प्रित् त िजत तयक का प्रयोग करते एए, यथाजस्ट्थजत, दकसी अन्य व्यजि की ओर से या उसके जलए कारबार के अनुक्रम में दकए गए जनम्नजलजखत दक्रयाकलाप उि खंड के प्रयोिनक के […]
Frequently Asked Questions (FAQs) on Notification dated 3rd May, 2023 under the Prevention of Money Laundering Act, 2002
केंद्रीय सरकार, धन-िोधन जनिारण अजधजनयम, 2002 (2003 का 15) की धारा 2 की उपधारा (1) के खंड (धक) के उपखंड (iv) द्वारा प्रदत् त िजत तयक का प्रयोग करते एए, अपने व्यिसाय के अनुक्रम में दकसी सुसंगत व् यजत त द्वारा अपने मुिद ल की र से जित् तीय संव् यिाारक के संंंध में जन् […]