by Jyotsna Bucktowar | Aug 25, 2023
Follows increasing recognition that further investments in the Indian securities markets can be facilitated by channelling NRI/ OCI investments into the country through FPIs that are professionally run by investment managers and whose securities are kept in...
by Jyotsna Bucktowar | Jul 30, 2023
A recent ruling declared American online payment gateway PayPal a ‘reporting entity’ under the AML law will boost India’s efforts to show that its financial systems, currently under a FATF review…
by Jyotsna Bucktowar | Jun 20, 2023
The amendments, which came into effect on May 10, 2023, are aimed at preventing ML and TF. The key changes to the MD on KYC include: Enhanced CDD requirements: REs will now be required to conduct enhanced CDD for high-risk customers, including (PEPs) and those...
by Jyotsna Bucktowar | Jun 16, 2023
According to the amended guidelines, any individual or group holding 10% ownership in the client of a ‘reporting entity’ will now be considered a beneficial owner as against the ownership threshold of 25% applicable earlier. These entities were required to...
Recent Comments