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67. Period for presenting payment instruments: The bank shall not make payment
of cheques / drafts / pay orders/ banker’s cheques, if the customer presents them
beyond the period of three months from the date of such instruments.
68. Operation of Bank Accounts and Money Mules: The bank shall strictly adhere
to the ... |
(2) adoption of a risk-based approach to manage and mitigate the risks through
appropriate EDD measures and transaction monitoring, etc.
73. Correspondent Banking: The bank shall have a policy approved by its Boards,
or by a committee headed by the Chairman / CEO / MD, to lay down parameters for
approving cross-bor... |
be used by shell banks.
(9) The bank shall be cautious of correspondent banking relationships with institutions
located in jurisdictions which have strategic deficiencies or have not made sufficient
progress in implementation of FATF Recommendations.
(10) The bank shall ensure that respondent banks have KYC / AML p... |
cross-border wire transfers in (i) and (ii) above.
(iv) Domestic wire transfers of ₹50,000 and above, where the originator is not an
account holder of the ordering bank, shall also be accompanied by originator and
beneficiary information as indicated for cross-border wire transfers.
Provided that In case of domesti... |
of the bank to comply with applicable reporting requirements under PML Act, 2002,
and the Rules made thereunder, or any other statutory requirement in force.
(2) Responsibilities of ordering bank, intermediary bank and beneficiary bank, effecting
wire transfer, are as under:
(i) Ordering bank:
(a) The ordering ban... |
a. when to execute, reject, or suspend a wire transfer lacking required originator or
required beneficiary information; and
b. the appropriate follow-up action including seeking further information and if the
transaction is found to be suspicious, reporting to FIU-IND in accordance with the PML
Rules.
(iii) Benef... |
reporting and other requirements and therefore shall ensure, inter alia, that:
(a) there is unhindered flow of complete wire transfer information, as mandated under
these directions, from and through the unregulated entities involved;
(b) the agreement / arrangement, if any, with such unregulated entities by the ban... |
opening of accounts with banks, etc. Form 60 shall be obtained from persons who do
not have PAN or equivalent e-document thereof.
77. Selling Third party products: The bank acting as agent while selling third party
products as per regulations in force from time to time shall comply with the following
aspects for th... |
(2) The bank shall endeavour to ensure that the staff dealing with / being deployed for
KYC / AML / CFT matters have: high integrity and ethical standards, good
understanding of extant KYC / AML / CFT standards, effective communication skills
and ability to keep up with the changing KYC / AML / CFT landscape, nation... |
Chapter XI – Repeal and Other Provisions
A. Repeal and saving
80. With the issue of these Directions, the existing Directions, instructions, and
guidelines relating to Know Your Customer as applicable to Commercial Banks stand
repealed, as communicated vide circular DOR.RRC.REC.302/33-01-010/2025-26 dated
November... |
Directions given by the RBI shall be final and binding.
Veena Srivastava
(Chief General Manager) |
Annex – I
File No. 14014/01/2019/CFT
Government of India
Ministry of Home Affairs
CTCR Division
North Block, New Delhi.
Dated: the 2nd February, 2021
(Amended vide corrigendum dated March 15, 2023)
(Amended vide corrigendum dated August 29, 2023)
(Amended vide corrigendum dated April 22, 2024)
ORDER
Subject:... |
and guidelines on the subject:
3. Appointment and communication details of the UAPA Nodal Officers:
3.1 The Joint Secretary (CTCR), Ministry of Home Affairs would be the Central
[designated] Nodal Officer for the UAPA [Telephone Number: 011-24010033, 011-
24010034, 011-230923465 (Fax), email address: jsctcr-mha@go... |
4.2 The Financial Regulators shall forward the list of designated persons as mentioned
in Para 4(i) above, without delay to the banks, stock exchanges/ depositories,
intermediaries regulated by SEBI and insurance companies.
4.3 The Central [designated] Nodal Officer for the UAPA shall forward the designated
list as... |
(iii) The banks, stock exchanges/depositories, intermediaries regulated by SEBI and
insurance companies shall also send a copy of the communication mentioned in 5.1
(ii) above to the UAPA Nodal Officer of the State/UT where the account is held and to
Regulators and FIU-IND, as the case may be, without delay.
(iv) I... |
Home Department of the States/UTs and all UAPA nodal officers in the country, so
that any individual or entity may be prohibited from making any funds, financial assets
or economic resources or related services available for the benefit of the designated
individuals/ entities or any other person engaged in or suspec... |
6.4 The Central [designated] Nodal Officer for the UAPA may also have the verification
conducted by the Central Agencies. This verification would be completed
expeditiously.
6.5 In case, the results of the verification indicates that the particulars match
with those of designated individuals/entities, an order und... |
6.2 to 6.6 above. Further, if the dealers hold any assets or funds of the designated
individual/entity, either directly or indirectly, they shall freeze the same without delay
and inform the UAPA Nodal officer of the State/UT.
(ii) The CBIC shall advise the dealers of precious metals/stones (DPMS) that if any
desig... |
respective members to the provisions of Section 51A of UAPA, so that if any
designated individual/entity approaches them, for entering/ investing in the financial
sector and/or immovable property, or they are holding or managing any assets/
resources of Designated individual/ entities, then the member shall convey t... |
or beneficial owner of such company or firm and in case such a request received the
ROC should inform the UAPA Nodal Officer in the Ministry of Corporate Affairs who in
turn shall follow the similar procedure as laid down in paragraph 6.2 to 6.5 above.
(ix) Any person, either directly or indirectly, holding any fund... |
would be electronically forwarded to the Nodal Officers in Regulators, FIU-IND and to
the Nodal Officers of the States/UTs. The proposed designee, as mentioned above
would be treated as designated individuals/entities.
9. Upon receipt of the requests by these Nodal Officers from the Central [designated]
Nodal Offic... |
10.3 (a): The designated individual or organization may submit a request to the Central
[Designated] Nodal Officer for UAPA under the provisions of Para 10.1 above. The
Central [Designated] Nodal Officer for UAPA may be approached by post at “Joint
Secretary (CTCR), North Block, New Delhi – 110001” or through email ... |
intimation to the concerned bank, stock exchanges/depositories, intermediaries
regulated by SEBI, insurance company, Registrar of Immovable Properties, ROC,
Regulators of DNFBPs and the UAPA Nodal Officer of State/UT. However, if it is not
possible for any reason to pass an Order unfreezing the assets within 5 worki... |
13. Procedure for communication of compliance of action taken under Section
51A: The Central [designated] Nodal Officer for the UAPA and the Nodal Officer in the
Foreigners Division, MHA shall furnish the details of funds, financial assets or
economic resources or related services of designated individuals/entities... |
New Delhi.
11)
Chief Secretaries of all States/Union Territories
12)
Principal Secretary (Home)/Secretary (Home) of all States/ Union Territories
13)
Directors General of Police of all States & Union Territories
14)
Director General of Police, National Investigation Agency, New Delhi.
15)
Commissioner of Po... |
Annex – II
F.No.P - 12011/14/2022-ES Cell-DOR
Government of India
Ministry of Finance
Department of Revenue
***
New Delhi, dated the 1st September, 2023
ORDER
Subject: - Procedure for implementation of Section 12A of “The Weapons of
Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activitie... |
resources or related services available for the benefit of persons related to any activity
which is prohibited under this Act, or under the United Nations (Security Council) Act,
1947 or any other relevant Act for the time being in force, or by an order issued under
any such Act, in relation to weapons of mass destr... |
2. Communication of the lists of designated individuals/entities:
2.1 The Ministry of External Affairs will electronically communicate, without delay, the
changes made in the list of designated individuals and entities (hereinafter referred to
as ‘designated list’) in line with section 12A (1) to the CNO and Noda... |
particulars of any of their customers match with the particulars of designated list, REs
shall immediately inform full particulars of the funds, financial assets or economic
resources or related services held in the form of bank accounts, stocks or insurance
policies etc., held on their books to the CNO by email, FA... |
4.1 The Registrars performing work of registration of immovable properties shall --
i.Verify if the particulars of the entities/individual, party to the transactions, match with
the particulars of the designated list, and, in case of match, shall not carry out such
transaction and immediately inform the details with... |
shall also forward a copy thereof to all the Principal Secretaries/Secretaries, Home
Department of the States/UTs and All Nodal officers in the country, so that any
individual or entity may be prohibited from making any funds, financial assets or
economic resources or related services available for the benefit of th... |
designated individual/ entity is a director/ partner/ office bearer/ trustee/ settler/
beneficiary or beneficial owner of such juridical person and, in case, such request is
received, then the Registrar shall inform the State Nodal Officer, without delay.
(iii)The State Nodal Officer shall also advise appropriate d... |
any managerial position where any of designated individual/ entity is a Director and/or
Shareholder or having beneficial ownership of any such juridical person, convey the
complete details of such designated individual/ entity to Section 12A Nodal Officer in
the Ministry of Corporate Affairs, who shall follow the si... |
5.1. All Natural and legal persons holding any funds or other assets of designated
persons and entities, shall, without delay and without prior notice, freeze any
transaction in relation to such funds or assets and shall immediately inform the State
Nodal officer along with details of the funds/assets held, who in t... |
6.1 The above provisions shall not apply to funds and other financial assets or
economic resources that have been determined by the CNO to be: -
(a) necessary for basic expenses, including payments for foodstuff, rent or mortgage,
medicines and medical treatment, taxes, insurance premiums and public utility
charge... |
an order issued under any such Act, in relation to weapons of mass destruction and
their delivery systems;
(ii) the CNO has determined that the payment is not directly or indirectly received by
an individual or entity in the designated list under this Order; and
(iii) the MEA has submitted prior notification to the... |
Immovable Properties/ROC/Regulators and the State Nodal Officer.
8. Procedure for communication of compliance of action taken under Section
12A: The CNO and the Nodal Officer in the Foreigners Division, MHA shall furnish the
details of funds, financial assets or economic resources or related services of
designated ... |
Delhi.
11) Chief Secretaries of all States/Union Territories
12) Principal Secretary (Home)/Secretary (Home) of all States/ Union Territories
13) Directors General of Police of all States & Union Territories
14) Director General of Police, National Investigation Agency, New Delhi.
15) Commissioner of Poli... |
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