Guidelines on Anti Money Laundering Standards

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.... the stock exchanges for stock brokers, sub brokers and depositories for depository participants) Dear Sir / Madam, Sub: - Guidelines on Anti Money Laundering Standards. 1.  The Prevention of Money Laundering Act, 2002 (PMLA) has been brought into force with effect from 1st July 2005. Necessary Notifications / Rules under the said Act have been published in the Gazette of India on 1s....

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....r the PMLA. Such transactions include : • All cash transactions of the value of more than Rs. 10 lakhs or its equivalent in foreign currency. • All series of cash transactions integrally connected to each other which have been valued below Rs. 10 lakhs or its equivalent in foreign currency where such series of transactions take place within one calendar month. â....

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....nsure that a proper policy framework as per the Guidelines on anti-money laundering measures is put into place within one month from the date of the circular. The intermediaries are also advised to designate an officer as 'Principal Officer' who would be responsible for ensuring compliance of the provisions of the PMLA. Names, designation and addresses (including e-mail addresses) of 'Principal Of....