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of <h1>Anti-Money Laundering Guidelines Update: Cash Limit Raised for Foreign Visitors, PAN Card Accepted for Business Relations.</h1> The circular addresses amendments to the Anti-Money Laundering guidelines for Authorized Money Changers. It raises the cash payment limit for foreign visitors and non-resident Indians from USD 2000 to USD 3000. Additionally, it allows the use of a PAN Card as a suitable document for establishing relationships with business entities, alongside existing requirements such as certificates of incorporation and partnership deeds. Authorized persons are instructed to inform their constituents and customers of these changes. The amendments are issued under the Foreign Exchange Management Act, 1999, with non-compliance attracting penalties.
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