https://www.taxtmi.com/circulars?id=8333 Authorised Persons in money changing must apply KYC/AML/CFT measures, consider FATF identified high risk jurisdictions and other public information, and give enhanced scrutiny to dealings with persons and entities from jurisdictions that do not or insufficiently apply FATF recommendations. They must conduct ongoing monitoring, investigate transactions lacking an apparent lawful purpose, document findings and retain records for regulatory inspection. These obligations apply to agents and franchisees, with the Authorised Person accountable for ensuring compliance; non compliance may attract statutory penalties. en-us Tue, 30 Nov 2010 00:00:00 +0530 Wed, 01 Dec 2010 22:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8333 Authorised Persons in money changing must apply KYC/AML/CFT measures, consider FATF identified high risk jurisdictions and other public information, and give enhanced scrutiny to dealings with persons and entities from jurisdictions that do not or insufficiently apply FATF recommendations. They must conduct ongoing monitoring, investigate transactions lacking an apparent lawful purpose, document findings and retain records for regulatory inspection. These obligations apply to agents and franchisees, with the Authorised Person accountable for ensuring compliance; non compliance may attract statutory penalties. Circulars FEMA Tue, 30 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8333