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TMI BlogKYC Norms/Anti-Money Laundering Standards/Combating Financing of Terrorism/Obligation of Authorised Persons under PMLA, 2002, as amended by Prevention of Money Laundering (Amendment) Act, 2009 - Cross Border Inward Remittance under the MTSSX X X X Extracts X X X X X X X X Extracts X X X X ..... who are Indian Agents under Money Transfer Service Scheme. Madam/ Sir, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT)/Obligation of Authorised Persons under the Prevention of Money Laundering Act, (PMLA), 2002, as amended by the Prevention of Money Laundering (Amendment) Act, 2009- Cross Border Inward Remittance under the Money ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and also under the Prevention of Money Laundering Act, (PMLA), 2002 as amended by Prevention of Money Laundering (Amendment) Act, 2009 and the Prevention of Money-Laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verificatio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... intaining proper record of transactions prescribed under Rule 3, as mentioned below: a) all cash transactions of the value of more than Rupees ten lakh or its equivalent in foreign currency; b) all series of cash transactions integrally connected to each other which have been valued below Rupees ten lakh or its equivalent in foreign currency where such series of transactions have taken pla ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in foreign currency [Ref: Government of India Notification dated November 12, 2009 - Rule 3, sub-rule (1) clause (BA) of PML Rules]; d) all cash transactions where forged or counterfeit currency notes or bank notes have been used as genuine and where any forgery of a valuable security or a document has taken place facilitating the transaction; and e) All suspicious transactions whether or n ..... X X X X Extracts X X X X X X X X Extracts X X X X
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