Anti Money Laundering (AML) Standards/Combating Financing of Terrorism (CFT)/Obligations of Securities Market Intermediaries under Prevention of Money Laundering Act, 2002 and Rules framed there-under.

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..... Act. (Through the stock exchanges for stock brokers, sub brokers, depositories for depository participants, AMFI for Asset Management Companies.) Sub: Anti Money Laundering (AML) Standards/Combating Financing of Terrorism (CFT)/Obligations of Securities Market Intermediaries under Prevention of Money Laundering Act, 2002 and Rules framed there-under. Dear Sir/Madam, 1. SEBI, vide Mas .....

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..... e 5.1(e) of the Master Circular : Registered intermediaries shall periodically update all documents, data or information of all clients and beneficial owners collected under the CDD process . c. The following new clause numbered 5.2.1(g) is added after the existing clause 5.2.1 (f) of the Master Circular: The CDD process should necessarily be revisited when there are suspicions of money lau .....

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..... 5.5(a) of the Master Circular shall read as follows: All registered intermediaries shall proactively put in place appropriate risk management systems to determine whether their client or potential client or the beneficial owner of such client is a politically exposed person. Such procedures should include seeking relevant information from the client, referring to publicly available information o .....

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..... date of termination of an account or business relationship . i. It is clarified that the tipping off provision in clause 13.3 of the Master Circular extends not only to the filing of the STR and/or related information but even before, during and after the submission of an STR. 2. All the registered intermediaries are directed to ensure compliance with the requirements contained in this ci .....

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