https://www.taxtmi.com/circulars?id=11148 The Master Circular consolidates RBI instructions for authorised money changers: licensing and net owned funds prerequisites for FFMCs; prior approval requirements for additional branches and franchisee appointments with due diligence, surrender and reporting obligations; operational rules on purchase/sale, payment modes, registers and non-cash settlements; mandated risk-based KYC/AML/CFT measures including appointment of a Principal Officer and mandatory CTR/STR reporting to FIU-IND; concurrent audit, inspection powers and RBI's authority to vary or revoke licences for non-compliance. en-us Fri, 01 Jul 2011 00:00:00 +0530 Thu, 12 Feb 2026 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11148 The Master Circular consolidates RBI instructions for authorised money changers: licensing and net owned funds prerequisites for FFMCs; prior approval requirements for additional branches and franchisee appointments with due diligence, surrender and reporting obligations; operational rules on purchase/sale, payment modes, registers and non-cash settlements; mandated risk-based KYC/AML/CFT measures including appointment of a Principal Officer and mandatory CTR/STR reporting to FIU-IND; concurrent audit, inspection powers and RBI's authority to vary or revoke licences for non-compliance. Circulars FEMA Fri, 01 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11148