TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Authorized Persons Must Enhance Due Diligence and Risk Management Under PMLA 2002 for KYC, AML, and CFT Compliance.</h1> The circular addresses the obligations of Authorized Persons (APs) under the Prevention of Money Laundering Act (PMLA), 2002, concerning Know Your Customer (KYC) norms, Anti-Money Laundering (AML) standards, and Combating the Financing of Terrorism (CFT). APs are required to assess and monitor risks associated with money-changing activities by preparing customer profiles based on risk categorization and applying enhanced due diligence for higher-risk customers. A risk-based approach is recommended for managing and mitigating risks, with policies and procedures approved by their boards. These guidelines also apply to agents and franchisees of APs, who must adhere to the same standards.
TaxTMI 
TaxTMI 
