Anti-money laundering measures require registered intermediaries to implement tailored customer due diligence aligned with Prevention of Money Laundering Act. Guidelines require intermediaries to implement measures to prevent and detect money laundering and terrorist financing, summarize applicable anti money laundering legislation, and provide practical implementation guidance. They apply primarily to entities registered under Section 12 of the SEBI Act and require each registered intermediary to tailor customer due diligence, risk based procedures, reporting and record keeping so measures are adequate and aligned with the Prevention of Money Laundering Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Anti-money laundering measures require registered intermediaries to implement tailored customer due diligence aligned with Prevention of Money Laundering Act.
Guidelines require intermediaries to implement measures to prevent and detect money laundering and terrorist financing, summarize applicable anti money laundering legislation, and provide practical implementation guidance. They apply primarily to entities registered under Section 12 of the SEBI Act and require each registered intermediary to tailor customer due diligence, risk based procedures, reporting and record keeping so measures are adequate and aligned with the Prevention of Money Laundering Act.
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