Norms/AML Standards/Combating Financing of Terrorism/Obligation of Authorised Persons under PMLA, 2002, as amended by PML (Amendment) Act, 2009 – Cross Border Inward Remittance under MTSS
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Customer Due Diligence: full CDD and STR filing required for suspicious cross-border remittances under MTSS. Authorised Persons under MTSS must conduct full-scale Customer Due Diligence and withhold payment where identity or documentation cannot be verified; they must file an STR when no longer satisfied about a customer's true identity. Transactions involving Politically Exposed Persons require senior-level approval and ongoing enhanced monitoring; Principal Officers must ensure overall compliance and Indian Agents are responsible for sub-agent adherence.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Customer Due Diligence: full CDD and STR filing required for suspicious cross-border remittances under MTSS.
Authorised Persons under MTSS must conduct full-scale Customer Due Diligence and withhold payment where identity or documentation cannot be verified; they must file an STR when no longer satisfied about a customer's true identity. Transactions involving Politically Exposed Persons require senior-level approval and ongoing enhanced monitoring; Principal Officers must ensure overall compliance and Indian Agents are responsible for sub-agent adherence.
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