https://www.taxtmi.com/circulars?id=66891 Registered intermediaries must implement group wide AML/CFT programmes, complete CDD before account relationships, and identify beneficial owners: natural persons with more than ten percent ownership or control (fifteen percent for unincorporated associations), with trusts requiring identification of settlor, trustees, beneficiaries with ten percent or more interest and ultimate controllers. Intermediaries must periodically update CDD, apply EDD to PEPs and higher risk jurisdictions, obtain missing identity records for existing clients or close accounts after notice, permit intra group information sharing with safeguards, and appoint a management level Principal Officer for suspicious transaction reporting. en-us Fri, 13 Oct 2023 00:00:00 +0530 Fri, 13 Oct 2023 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66891 Registered intermediaries must implement group wide AML/CFT programmes, complete CDD before account relationships, and identify beneficial owners: natural persons with more than ten percent ownership or control (fifteen percent for unincorporated associations), with trusts requiring identification of settlor, trustees, beneficiaries with ten percent or more interest and ultimate controllers. Intermediaries must periodically update CDD, apply EDD to PEPs and higher risk jurisdictions, obtain missing identity records for existing clients or close accounts after notice, permit intra group information sharing with safeguards, and appoint a management level Principal Officer for suspicious transaction reporting. Circulars SEBI Fri, 13 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66891