AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
Anti-Money Laundering Guidelines
X X X X Extracts X X X X
X X X X Extracts X X X X
....ed the Anti-Money Laundering guidelines for Authorised Money Changers issued vide A. P. (DIR Series) Circular No.18 {A.P. (FL Series) Circular No.01} dated December 2, 2005. In view of the difficulties expressed by Authorised Money Changers (AMCs) in implementing some of the guidelines, it has been decided to amend certain instructions of the aforementioned circular. The amended instructions are g....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Section 11(3) of the Act ibid. Yours faithfully, M. Sebastian Chief General Manger Annex [Annex to A. P. (DIR Series) Circular No. 39 dated June 26, 2006] Paragraph No. [cf. A. P. (DIR Series) Circular No.18 {A.P. (FL Series) Circular No.01} dated December 2, 2005] Existing Instructions Amended Instructions 3 All transactions should be undertaken only after prop....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... maintained for one year and completion of statutory audit. For encashment in excess of US $ 2000 or its equivalent, the photocopies of the identification document should be maintained for a minimum period of five years. 4(c) Requests for payment of sale proceeds in cash may be acceded to the extent of US $ 1000 or its equivalent per transaction. All encashment within one month may be tre....