Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Money changing activities

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....rism (CFT) Standards - Money changing activities Please refer to our A.P.(DIR Series) Circular No. 34 dated September 04, 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 October 24, 2014. The stat....

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....rcular to the notice of their constituents concerned. 7. 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 ....