https://www.taxtmi.com/circulars?id=2152 Authorized money changers must adopt board-approved anti-money laundering policies implementing Know Your Customer procedures, suspicious-transaction recognition and reporting, appointment of a Money Laundering Reporting Officer with reporting obligations to the Financial Intelligence Unit, staff training, transaction audit, and preservation of specified records for a minimum period; these measures apply to AMCs and their franchisees and non-compliance attracts penalties under the foreign exchange statute. en-us Fri, 02 Dec 2005 00:00:00 +0530 Fri, 03 Oct 2008 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2152 Authorized money changers must adopt board-approved anti-money laundering policies implementing Know Your Customer procedures, suspicious-transaction recognition and reporting, appointment of a Money Laundering Reporting Officer with reporting obligations to the Financial Intelligence Unit, staff training, transaction audit, and preservation of specified records for a minimum period; these measures apply to AMCs and their franchisees and non-compliance attracts penalties under the foreign exchange statute. Circulars FEMA Fri, 02 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2152