Anti-Money Laundering measures: apply FATF-recommended counter-measures and strengthen AML/CFT controls for cross-border money-changing risks. Authorised dealers and money-changing Authorised Persons must consider the FATF statement and apply protective counter-measures, inform constituents and customers, ensure Principal Officer acknowledgement, and maintain AML/CFT controls and records as required under the Foreign Exchange Management Act and the Prevention of Money Laundering framework; non-compliance may attract penal provisions.
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.
Anti-Money Laundering measures: apply FATF-recommended counter-measures and strengthen AML/CFT controls for cross-border money-changing risks.
Authorised dealers and money-changing Authorised Persons must consider the FATF statement and apply protective counter-measures, inform constituents and customers, ensure Principal Officer acknowledgement, and maintain AML/CFT controls and records as required under the Foreign Exchange Management Act and the Prevention of Money Laundering framework; non-compliance may attract penal provisions.
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