https://www.taxtmi.com/circulars?id=53193 Authorised persons in money changing activities must consider FATF updates on jurisdictions with AML/CFT deficiencies and apply enhanced risk sensitive measures while legitimate transactions remain permissible; franchisors must ensure agents and franchisees comply. The circular mandates incorporation of the FATF information into risk assessments, communication to constituents, record maintenance, and adherence to customer due diligence, transaction monitoring and reporting obligations under applicable foreign exchange and anti money laundering frameworks. en-us Wed, 28 Jan 2015 00:00:00 +0530 Wed, 28 Jan 2015 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53193 Authorised persons in money changing activities must consider FATF updates on jurisdictions with AML/CFT deficiencies and apply enhanced risk sensitive measures while legitimate transactions remain permissible; franchisors must ensure agents and franchisees comply. The circular mandates incorporation of the FATF information into risk assessments, communication to constituents, record maintenance, and adherence to customer due diligence, transaction monitoring and reporting obligations under applicable foreign exchange and anti money laundering frameworks. Circulars FEMA Wed, 28 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53193