https://www.taxtmi.com/circulars?id=52847 Amendment to Section 13(2) of the PMLA empowers the Director to issue warnings, direct specific compliance measures, require periodic reports, or levy fines where reporting entities fail to meet PMLA obligations. Authorised Persons should nominate a Board member as a designated Director to ensure compliance with KYC, AML and CFT requirements; the circular is issued under FEMA and the PMLA and does not affect other statutory permissions. en-us Mon, 16 Jun 2014 00:00:00 +0530 Tue, 17 Jun 2014 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52847 Amendment to Section 13(2) of the PMLA empowers the Director to issue warnings, direct specific compliance measures, require periodic reports, or levy fines where reporting entities fail to meet PMLA obligations. Authorised Persons should nominate a Board member as a designated Director to ensure compliance with KYC, AML and CFT requirements; the circular is issued under FEMA and the PMLA and does not affect other statutory permissions. Circulars FEMA Mon, 16 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52847