RBI Issues Guidance for Regulated Entities on Internal Risk Assessment for Money Laundering, and Terrorist Financing
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- Last Updated on 15 October, 2024
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Press Release: 2024-2025/1261, Dated: 10.10.2024
The RBI has released a Guidance Note to assist its regulated entities (REs) in conducting risk assessments for Money Laundering (ML), Terrorist Financing (TF), and Proliferation Financing (PF). The note intends to support AML/CFT/CPF compliance efforts of the REs as well as to enhance the ability of the financial sector to detect and deter ML/TF/PF by providing certain key principles, methodology, etc.
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