Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/ Combating the Financing of Terrorism (CFT)/ Obligation of Authorised Persons under Prevention of Money Laundering Act (PMLA), 2002 – Amendment to Section 13(2) – Money Changing Activities

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.... June 16, 2014 To, All Authorised Persons Madam / Sir, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/ Combating the Financing of Terrorism (CFT)/ Obligation of Authorised Persons under Prevention of Money Laundering Act (PMLA), 2002 - Amendment to Section 13(2) - Money Changing Activities Please refer to our A.P. (DIR Series) Circular No.17 [A.P. (FL/RL Ser....

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....en, without prejudice to any other action that may be taken under any other provisions of this Act, he may- • issue a warning in writing; or • direct such reporting entity or its designated director on the Board or any of its employees, to comply with specific instructions; or • direct such reporting entity or its designated director on the Board or any of it....