Guidelines on Anti Money Laundering Standards

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....nd 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 1st July 2005 by the Department of Revenue, Ministry of Finance, Go....

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....value of more than ₹ 10 lakhs or its equivalent in foreign currency. * All series of cash transactions integrally connected to each other which have been valued below ₹ 10 lakhs or its equivalent in foreign currency where such series of transactions take place within one calendar month. * All suspicious transactions whether or not made in cash. 3. The Guidelines enclosed herewith ....

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....h 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 Officer' shall also be intimated to the Office of the Director-FIU, 6th Floor, Hotel Samrat, Chanakyapuri, New Delhi -110021, In....