Risk-based AML/KYC obligations require agents under money transfer schemes to assess ML/TF risk and apply enhanced due diligence. Authorised Persons (Indian Agents) under MTSS must implement a risk-based KYC/AML/CFT framework: identify and assess ML/TF risk across customers, countries, products, services, transactions and channels; prepare customer profiles for regular inward remittances; apply enhanced due diligence to medium/high risk cases; adopt board-approved policies, controls and procedures; design risk parameters for transaction monitoring; and ensure sub-agents comply, consistent with prior AML guidelines and statutory authority.