https://www.taxtmi.com/circulars?id=53277 Instructions on KYC, AML and CFT for money-changing activities issued by the Department of Banking Regulation shall apply to all Authorised Persons mutatis mutandis; the Foreign Exchange Department will not issue separate instructions. The consolidated guidance also applies mutatis mutandis to agents and franchisees, with franchisers bearing sole responsibility for ensuring compliance; Authorised Persons must notify their constituents. The directions are issued under the Foreign Exchange Management Act and the Prevention of Money Laundering Act and do not affect other legal permissions. en-us Wed, 25 Mar 2015 00:00:00 +0530 Wed, 25 Mar 2015 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53277 Instructions on KYC, AML and CFT for money-changing activities issued by the Department of Banking Regulation shall apply to all Authorised Persons mutatis mutandis; the Foreign Exchange Department will not issue separate instructions. The consolidated guidance also applies mutatis mutandis to agents and franchisees, with franchisers bearing sole responsibility for ensuring compliance; Authorised Persons must notify their constituents. The directions are issued under the Foreign Exchange Management Act and the Prevention of Money Laundering Act and do not affect other legal permissions. Circulars FEMA Wed, 25 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53277