Guidelines for Grant of Authorisation for Additional Branches of FFMC/AD Cat. II

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....licence holders is invited to paragraph (B) of Annex- I to A.P. (DIR Series) Circular No. 57 dated March 9, 2009 on Memorandum of Instructions governing money changing activities, wherein guidelines for grant of authorization for additional branches had been given. 2. As part of further simplification of the guidelines, it has now been decided to incorporate the changes in the guidelines in res....

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....RI The declaration has to be submitted every time an application for authorisation of a new branch is made, as per existing instructions. 4 A copy of KYC/AML/CFT policy framework existing in the company Only a declaration to be submitted that there is no change in the KYC/AML/CFT policy framework since its last submission to RBI. However, in case there is a change, a copy of the revise....