AML standards/CFT) Standards – Cross Border Inward Remittance under Money Transfer Service Scheme

Financial Action Task Force (FATF) has updated its Statement on the subject and document ‘Improving Global AML/CFT Compliance: on-going process’ on October 19, 2012.

Authorised Persons (Indian Agents) are accordingly advised to consider the information contained in the enclosed statement.

This, however, does not preclude Authorised Persons (Indian Agents) from legitimate transactions with these countries and jurisdictions.

These guidelines would also be applicable mutatis mutandis to all Sub-Agents of the Indian Agents under MTSS and it will be the sole responsibility of the APs (Indian Agents) to ensure that their Sub-agents also adhere to these guidelines.

To view the full notification, please follow the link

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