Compliance with Know Your Customer (KYC) norms

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....'Master Direction - Money Changing Activities'; Para 27(4) of 'Master Direction - Overseas Investment'; Para 6.5 of 'Master Direction - Other Remittance Facilities'; and Para 3.2.b and 8(i) of 'Master Direction - Money Transfer Service Scheme (MTSS)' on compliance with KYC norms. 2. 'Master Direction - Know Your Customer (KYC) Direction, 2016' has since b....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. 4. The instructions contained in 'Master Direction - Money Changing Activities', 'Master Direction - Overseas Investment', 'Master Direction - Other Remittanc....