https://www.taxtmi.com/article/detailed?id=10328 Regulated entities must implement anti-money laundering measures under the PMLA and RBI Master Directions, including Customer Acceptance and Identification Policies, Customer Due Diligence with risk-based customer categorisation and periodic KYC updation, enhanced procedures for PEPs and specified simplified norms, mandatory reporting of Cash and Suspicious Transaction Reports to the Financial Intelligence Unit, retention of transaction records, documented ML/TF risk assessments, Board approved Risk Based Approach controls, recognition of V CIP for identification, and prescribed penalties for non-compliance. en-us Thu, 24 Mar 2022 09:42:38 +0530 Thu, 24 Mar 2022 09:42:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10328 Regulated entities must implement anti-money laundering measures under the PMLA and RBI Master Directions, including Customer Acceptance and Identification Policies, Customer Due Diligence with risk-based customer categorisation and periodic KYC updation, enhanced procedures for PEPs and specified simplified norms, mandatory reporting of Cash and Suspicious Transaction Reports to the Financial Intelligence Unit, retention of transaction records, documented ML/TF risk assessments, Board approved Risk Based Approach controls, recognition of V CIP for identification, and prescribed penalties for non-compliance. Articles Other Topics Thu, 24 Mar 2022 09:42:38 +0530 https://www.taxtmi.com/article/detailed?id=10328