https://www.taxtmi.com/circulars?id=58609 Intermediaries must maintain an independent internal audit; periodically update all client and beneficial owner information collected under the Customer Due Diligence process; revisit CDD on suspicion of money laundering or terrorist financing; not apply low-risk provisions when suspicion exists; consult FATF and other public sources for high-risk jurisdictions; adopt risk management to identify Politically Exposed Persons and apply enhanced CDD and verification of source of funds for PEPs; retain identity records for ten years from termination; and observe a broad prohibition on "tipping off" before, during and after suspicious transaction reporting. en-us Mon, 14 Jun 2010 00:00:00 +0530 Mon, 24 Dec 2018 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58609 Intermediaries must maintain an independent internal audit; periodically update all client and beneficial owner information collected under the Customer Due Diligence process; revisit CDD on suspicion of money laundering or terrorist financing; not apply low-risk provisions when suspicion exists; consult FATF and other public sources for high-risk jurisdictions; adopt risk management to identify Politically Exposed Persons and apply enhanced CDD and verification of source of funds for PEPs; retain identity records for ten years from termination; and observe a broad prohibition on "tipping off" before, during and after suspicious transaction reporting. Circulars SEBI Mon, 14 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58609