https://www.taxtmi.com/circulars?id=11149 The Circular sets the MTSS regulatory regime permitting only inward personal remittances to individuals, with Reserve Bank authorisation required for Indian Agents and specified eligibility, application, collateral and renewal conditions. It mandates comprehensive risk based KYC/AML/CFT policies, enhanced due diligence for high risk customers and PEPs, appointment of a Principal Officer, strict record retention, and timely CTR/STR reporting to FIU IND; agents remain accountable for sub agents and are subject to inspection and ongoing supervisory reporting to the Reserve Bank. en-us Fri, 01 Jul 2011 00:00:00 +0530 Fri, 01 Jul 2011 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11149 The Circular sets the MTSS regulatory regime permitting only inward personal remittances to individuals, with Reserve Bank authorisation required for Indian Agents and specified eligibility, application, collateral and renewal conditions. It mandates comprehensive risk based KYC/AML/CFT policies, enhanced due diligence for high risk customers and PEPs, appointment of a Principal Officer, strict record retention, and timely CTR/STR reporting to FIU IND; agents remain accountable for sub agents and are subject to inspection and ongoing supervisory reporting to the Reserve Bank. Circulars FEMA Fri, 01 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11149