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Part C : RBI/FEMA
Given below are the
highlights of certain RBI Circulars.
54 A.P. (DIR Series)
Circular No. 28,
dated 22-12-2010
A.P. (FL/RL Series) Circular
No. 9,
dated 22-12-2010
Know Your Customer (KYC)
norms/Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism
(CFT)/ Obligation of Authorised Persons under Prevention of Money Laundering
Act, (PMLA), 2002, as amended by Prevention of Money Laundering (Amendment) Act,
2009 — Cross-Border Inward Remittance under Money Transfer Service Scheme
Attached to this Circular is
a Statement dated June 25, 2010 issued by the Financial Action Task Force (FATF)
which identifies certain jurisdictions which have strategic AML/CFT
deficiencies. The Statement calls upon the identified jurisdictions to complete
the implementation of their action plan within the time frame.
This Circular advices
Authorised Persons to consider the information contained the said Statement.
