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TMI BlogAmendment to Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) /Obligations of Securities Market Intermediaries under the Prevention of Money-laundering Act, 2002 and Rules framed there underX X X X Extracts X X X X X X X X Extracts X X X X ..... ons of Securities Market Intermediaries under the Prevention of Money-laundering Act, 2002 and Rules framed there under 1. Please refer to the Master Circular reference number SEBI/HO/MIRSD/MIRSD-SEC-5/P/CIR/2023/022 dated February 03, 2023 on the captioned subject issued by the Securities and Exchange Board of India (SEBI). 2. The Government of India through gazette notification S.O. 1074(E) dated March 07, 2023 (PML eGazette dated March 07,2023) has amended the Prevention of Money Laundering (Maintenance of Records) Rules, 2005 with immediate effect. 3. In view of the amendments to the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005 and to further enhance the effectiveness of AML/CFT framework, certai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mbol 10% shall be substituted. 3.6. In Paragraph 11, after sub-paragraph (viii), the following sub-paragraphs shall be inserted, namely:- (ix) Every registered intermediary shall register the details of a client, in case of client being a non-profit organisation, on the DARPAN Portal of NITI Aayog, if not already registered, and maintain such registration records for a period of five years after the business relationship between a client and the registered intermediary has ended or the account has been closed, whichever is later. (x) Where registered intermediary is suspicious that transactions relate to money laundering or terrorist financing, and reasonably believes that performing the CDD process will tip-off the client, the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... February 02, 2021 (Annexure 1) for strict compliance. These guidelines have been further amended vide a Gazette Notification dated June 08, 2021 (Annexure 2). A corrigendum dated March 15, 2023 has also been issued in this regard (Annexure 3). The list of Nodal Officers for UAPA is available on the website of MHA . 3.10. After paragraph 52 and before paragraph 53, the following paragraph shall be inserted, namely- 52A. The Stock Exchanges and the registered intermediaries shall leverage latest technological innovations and tools for effective implementation of name screening to meet the sanctions requirements. 3.11. In Paragraph 59, after sub-paragraph (vi), the following sub-paragraph shall be inserted, namely: - (vii) Non ..... X X X X Extracts X X X X X X X X Extracts X X X X
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