Anti money laundering obligations require intermediaries to adopt risk sensitive policies, perform CDD and report suspicious transactions. Registered intermediaries must implement AML and terrorist financing policies under the Prevention of Money Laundering Act, 2002, with senior management commitment, periodic independent review, risk sensitive customer acceptance and CDD, staff awareness measures, record maintenance, statutory compliance, cooperation with law enforcement, and an internal audit/compliance function to test detection systems, evaluate exception reports and assess suspicious transaction reporting.
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 obligations require intermediaries to adopt risk sensitive policies, perform CDD and report suspicious transactions.
Registered intermediaries must implement AML and terrorist financing policies under the Prevention of Money Laundering Act, 2002, with senior management commitment, periodic independent review, risk sensitive customer acceptance and CDD, staff awareness measures, record maintenance, statutory compliance, cooperation with law enforcement, and an internal audit/compliance function to test detection systems, evaluate exception reports and assess suspicious transaction reporting.
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