sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Latest Circulars »
 Clarification in respect of CBDT Notification No. 33 of 2018 amending Form No. 3CD
 Auction for Sale (Issue/Re-issue) of Government Stock (GS) Aug 10, 2018
 Auction of Government of India Dated Securities August 10, 2018
 Have accepted RBI directorship in public interest: Swaminathan Gurumurthy
 RBI-Auction of Government of India Dated Securities August 6, 2018
  RBI-Auction for Sale (Re-issue) of Government Stock (GS)
 Professor Roberto Rigobon, MIT Sloan School of Management, Cambridge, Massachusetts, USA, delivers the Second Suresh Tendulkar Memorial Lecture titled “Big Data and Measurement: from Inflation to Discrimination”
 RBI-Maintenance of CRR/SLR on Foreign Currency Assets/Liabilities– Reference rate for INR/USD and exchange rate of other major currencies
 Master Circular- Credit Facilities to Minority Communities
  RBI-Change in Bank Rate
 Receiving the Resolution of the Monetary Policy Committee of the Reserve Bank of India under the Third Bi –monthly Monetary Policy Statement for the year 2018-19

Know Your Customer (KYC) Guidelines /Anti-Money Laundering Standards (AML) / Obligation of NBFCs under Prevention of Money Laundering Act (PMLA), 2002 Obligation of NBFCs Amendment to Prevention of Money-laundering (Maintenance of Records) Rules 2013
December, 02nd 2014

RBI/2014-15/330
DNBR (PD).CC. No. 005/03.10.42/2014-15

December 1, 2014

All NBFCs

Dear Madam/Sir,

‘Know Your Customer’ (KYC) Guidelines /Anti-Money Laundering Standards (AML) / Obligation of NBFCs under Prevention of Money Laundering Act (PMLA), 2002 Obligation of NBFCs – Amendment to Prevention of Money-laundering (Maintenance of Records) Rules 2013.

Government of India has notified the “Prevention of Money-Laundering (Maintenance of Records) Amendment Rules, 2013” (Rules) and have published the same in the extraordinary official gazette vide G.S.R. No. 576 (E) dated August 27, 2013. In order to align the existing instructions contained in our Master Circular DNBS (PD) CC. No. 387/03.10.42 / 2014-15 dated July 1, 2014 on ‘Know Your Customer’ (KYC) Guidelines /Anti-Money Laundering Standards (AML) / Obligation of NBFCs under Prevention of Money Laundering Act (PMLA), 2002 with the amendment to PML Rules, it has been decided to notify the corresponding changes on account of the amendments.

2. The important changes are mentioned in the Annex.

3. A copy of the notification is attached for detailed reference.

4. NBFCs may revise their KYC policy in the light of the above instructions and ensure strict adherence to the same.

Yours faithfully

(Sindhu Pancholy)
Deputy General Manager

Encl: As above

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Outsourcing Test Solutions Software Testing Software Bug Testing Software Issues Tracking Software Issue Fix Software Code Optimization Database Design Optimization

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions