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of <h1>New Guidelines on AML/CFT for Money-Changing Activities; Acknowledge Receipt to Avoid Penalties Under FEMA and PMLA Acts.</h1> The circular addresses Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) standards related to money-changing activities. It references a previous circular forwarding a Financial Action Task Force (FATF) statement highlighting jurisdictions with strategic AML/CFT deficiencies. The circular advises authorized persons to consider the FATF statement and inform relevant constituents. It mandates acknowledgment of receipt by the Principal Officer and emphasizes compliance under the Foreign Exchange Management Act, 1999, and the Prevention of Money Laundering Act, 2002. Non-compliance may result in penalties under the respective Acts and Rules.
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