https://www.taxtmi.com/circulars?id=52766 Foreign inward remittances under the Rupee Drawing Arrangement may be credited directly to beneficiary accounts at other banks via electronic transfer, provided the Recipient Bank credits only KYC compliant accounts or completes KYC/CDD before credit/withdrawal of non compliant accounts; the Partner Bank must mark transfers as foreign inward remittances and include accurate originator and beneficiary information in the electronic message. Recipient Banks must maintain identification records under PML Rules and report suspicious transactions to FIU IND, and both banks must comply with RBI KYC/AML/CFT guidelines. en-us Thu, 10 Apr 2014 00:00:00 +0530 Fri, 11 Apr 2014 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52766 Foreign inward remittances under the Rupee Drawing Arrangement may be credited directly to beneficiary accounts at other banks via electronic transfer, provided the Recipient Bank credits only KYC compliant accounts or completes KYC/CDD before credit/withdrawal of non compliant accounts; the Partner Bank must mark transfers as foreign inward remittances and include accurate originator and beneficiary information in the electronic message. Recipient Banks must maintain identification records under PML Rules and report suspicious transactions to FIU IND, and both banks must comply with RBI KYC/AML/CFT guidelines. Circulars FEMA Thu, 10 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52766