AML Standards/Combating Financing of Terrorism CFT Standards - Money Changing Activities

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....eries) Circular No. 101 dated May 02, 2013 on risks arising from the deficiencies in AML/CFT regime of certain jurisdiction. 2. Financial Action Task Force (FATF) has updated its Statement on the subject and document 'Improving Global AML/CFT Compliance: on-going process' on June 21, 2013. The statement /document can be accessed from the following URLs : http://www.fatf-gafi.org/topics/key/publi....

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....circular letter. 8. The directions contained in this Circular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999)and also under the, Prevention of Money Laundering Act, (PMLA), 2002, as amended by Prevention of Money Laundering (Amendment) Act, 2009 and Prevention of Money-Laundering (Maintenance of Records of the Nature and Value of Tr....