Money Transfer Service Scheme reporting obligations require Indian Agents to verify Sub Agent lists and submit remittance and collateral reports. The document prescribes the registration and disclosure format for Sub Agents under MTSS, requiring detailed identification, ownership to ultimate beneficial owner, financial and legal certifications, and authorised signatures on Form MTSS - Part I (Annex XV). It sets out the compliance and reporting regime for Indian Agents: maintenance and electronic submission of updated Sub Agent lists, quarterly confirmation of list accuracy, quarterly remittance reports (including nil returns) to CIMS, and half yearly collateral statements, with non bank agents using specified portals and all communications directed to the Reserve Bank's relevant FED Regional Office.
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Provisions expressly mentioned in the judgment/order text.
Money Transfer Service Scheme reporting obligations require Indian Agents to verify Sub Agent lists and submit remittance and collateral reports.
The document prescribes the registration and disclosure format for Sub Agents under MTSS, requiring detailed identification, ownership to ultimate beneficial owner, financial and legal certifications, and authorised signatures on Form MTSS - Part I (Annex XV). It sets out the compliance and reporting regime for Indian Agents: maintenance and electronic submission of updated Sub Agent lists, quarterly confirmation of list accuracy, quarterly remittance reports (including nil returns) to CIMS, and half yearly collateral statements, with non bank agents using specified portals and all communications directed to the Reserve Bank's relevant FED Regional Office.
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