SEBI : A summary of SEBI's evolving regulatory framework, highlighting the integration of cyber security, KYC, and AML to combat financia...
Fema / RBI : The Supreme Court of India orders government and private entities to make digital KYC processes inclusive for persons with disabil...
Fema / RBI : It is well known that all banks baring private ones always insist for capital infusion by Government which passes negative results...
Fema / RBI : Explore RBI's updated Master Directions on KYC for individuals: Strengthening compliance, combating fraud, and enhancing financial...
SEBI : SEBI extends the deadline for physical security holders to submit KYC documents. Find out the new submission deadline, actions for...
SEBI : SEBI proposes a framework for the orderly winding down of KYC Registration Agencies (KRAs) to ensure service continuity and data p...
SEBI : SEBI seeks public comments on draft Investor Charter for KRAs, detailing services, rights, and grievance redressal. Submit feedbac...
Corporate Law : Shri Piyush Goyal calls for a Single window portal for doing robust common KYC system for Stock Brokers, Mutual Fund and depositor...
Corporate Law : Highlight: -As per the new orders, Aadhaar-based e-KYC process has been reintroduced for issuing new mobile connections. -Telecom ...
Company Law : BJP professional cell, Mumbai has requested FM that The KYC for DIN Of Director should be once in 5 years or linked to be Aadhar e...
SEBI : SEBI, through Circular No. HO/38/30/12(1)2025-MIRSD-SEC-FATF dated December 10, 2025, has introduced a significant relaxation in t...
Fema / RBI : RBI has replaced the old 2016 KYC framework with entity-specific directions for all Authorised Persons. The update mandates compli...
Fema / RBI : RBI directed Regulated Entities to comply with a UNSC update to the ISIL/Al-Qaida Sanctions List under UAPA Section 51A, amending ...
Finance : Ministry of Finance streamlines PMLA KYC rules for SEBI-defined intermediaries, allowing CKYCRR uploads, updates, and retrieval to...
Company Law : Ministry of Corporate Affairs (MCA) has extended deadline for filing e-form DIR-3-KYC and DIR-3-KYC-WEB without fee...
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- Money changing activities.
All Authorised Persons (Indian Agents) are accordingly advised to take into account risks arising from the deficiencies in AML/CFT regime of these countries, while entering into business relationships and transactions with persons (including legal persons and other financial institutions) from or in these countries/ jurisdictions.
Jurisdictions with strategic AML/CFT deficiencies that have not committed to an action plan developed with the FATF to address key deficiencies as of June 2010. The FATF calls on its members to consider the risks arising from the deficiencies associated with each jurisdiction: Democratic People’s Republic of Korea (DPRK), Sao Tome and Principe.
It has been brought to the notice of RBI that for opening bank accounts of salaried employees, some banks rely on a certificate/letter issued by the employer as the only KYC document for the purposes of certification of identity as well as address proof. Such a practice is open to misuse and fraught with risk.
All mutual fund investors, new as well as existing, will need to mandatorily furnish their PAN (Permanent Account Number) details from next year irrespective of the size of their investment. The move is part of the revised Know-Your-Customer (KYC) co
The Institute of Chartered Accountants of India (ICAI), the national standard setting body of auditors, has proposed comprehensive changes to the current accounting practices in commercial banks to make bank audits foolproof and effective.
This seems to be the biggest slip by an Indian financial institution which is supposed to maintain heightened vigilance on suspicious and high-value cash transactions. At least Rs 640 crore was deposited in cash by one of the alleged front companies of former Jharkhand CM Madhu Koda in a state-owned bank in Mumbai. The bank failed to trigger an alert to countless intelligence agencies tasked to keep a tab.
