Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards / Combating the Financing of Terrorism (CFT) Obligation of Authorised Persons under Prevention of Money Laundering Act, (PMLA), 2002, as amended by Prevention of Money Laundering (Amendment) Act, 2009 – Money changing activities. https://www.taxtmi.com/circulars?id=11427 KYC, AML and CFT obligations for Authorised Persons in money changing are amended to allow acceptance of a foreign tourist's passport copy as both identity and address proof, and retention of a visa copy stamped by Indian immigration; other existing KYC instructions continue to apply and non compliance attracts prescribed penalties under the foreign exchange regulatory framework. en-us Thu, 22 Dec 2011 00:00:00 +0530 Thu, 22 Dec 2011 18:57:00 +0530 TaxTMI RSS Generator Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards / Combating the Financing of Terrorism (CFT) Obligation of Authorised Persons under Prevention of Money Laundering Act, (PMLA), 2002, as amended by Prevention of Money Laundering (Amendment) Act, 2009 – Money changing activities. https://www.taxtmi.com/circulars?id=11427 KYC, AML and CFT obligations for Authorised Persons in money changing are amended to allow acceptance of a foreign tourist's passport copy as both identity and address proof, and retention of a visa copy stamped by Indian immigration; other existing KYC instructions continue to apply and non compliance attracts prescribed penalties under the foreign exchange regulatory framework. Circulars FEMA Thu, 22 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11427