KYC/AML obligations require authorised persons to collect remitter details and report suspicious transfers promptly to intelligence. Authorised Persons under MTSS are required by PMLA to adopt Board approved KYC, AML and CFT policies: implement customer acceptance criteria, risk based identification and monitoring, ensure complete remitter information accompanies all inward transfers, assess and document Overseas Principals before tie ups, appoint a Principal Officer to oversee reporting, and maintain transaction and identity records for prescribed retention periods while reporting cash and suspicious transactions to FIU IND.