https://www.taxtmi.com/circulars?id=66439 SEBI mandates group level AML/CFT policies using the statutory definition of group; tightens CDD to require reliable independent verification, authorization checks for persons acting on behalf of juridical clients, lowers beneficial ownership thresholds to 10% for non individuals and trusts, applies PEP norms to family and close relatives, requires nonprofit client registration on the NITI Aayog DARPAN portal with five year retention, directs filing of Suspicious Transaction Reports if further CDD would tip off the client, and requires pre launch ML/TF risk assessments and use of name screening technology. en-us Fri, 16 Jun 2023 00:00:00 +0530 Fri, 16 Jun 2023 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66439 SEBI mandates group level AML/CFT policies using the statutory definition of group; tightens CDD to require reliable independent verification, authorization checks for persons acting on behalf of juridical clients, lowers beneficial ownership thresholds to 10% for non individuals and trusts, applies PEP norms to family and close relatives, requires nonprofit client registration on the NITI Aayog DARPAN portal with five year retention, directs filing of Suspicious Transaction Reports if further CDD would tip off the client, and requires pre launch ML/TF risk assessments and use of name screening technology. Circulars SEBI Fri, 16 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66439