Anti- Money Laundering (AML) / Combating of Financing of Terrorism (CFT) – Standards

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

All the Payment System Operators authorised under the Payment and Settlement Systems Act, 2007 are accordingly advised to consider the information contained in the enclosed Statement.

This, however, does not preclude Payment System Operators from legitimate trade and business transactions with these countries and jurisdictions.

Nodal Officer/Principal Officer may please acknowledge receipt of this circular.

To view the full notification, please follow the link

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