SEBI Issues Guidelines on ‘Anti-Money Laundering Standards and CFT’ for Intermediaries
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- Last Updated on 19 June, 2023
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CIRCULAR No. SEBI/HO/MIRSD/MIRSDSECFATF/P/CIR/2023/091, Dated: 16.06.2023
SEBI has issued a circular amending the Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) for market intermediaries. SEBI has highlighted the key modifications to existing AML norms, including the definition of a “group” as per amended rules, requirements for issuing policies and procedures for dealing with money laundering and terrorist financing, client verification procedures, registration of non-profit organizations on the DARPAN Portal etc.
Click Here To Read The Full Circular
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