Author : Taxmann
Publisher : Taxmann Publications Private Limited
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4./5 ( download)
Book Synopsis Taxmann's Analysis | Strengthening India's Financial Security – Key Amendments to Anti-Money Laundering Rules by : Taxmann
Download or read book Taxmann's Analysis | Strengthening India's Financial Security – Key Amendments to Anti-Money Laundering Rules written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2023-10-20 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article discusses the dynamic landscape of the anti-money laundering law, including: ‣ The definition of 'client due diligence' has been broadened. ‣ Reporting entities are now required to implement comprehensive group-wise programs to combat money laundering and terror financing, significantly enhancing financial security on a broader scale ‣ The pivotal role of principal officers in reporting entities has gained prominence as they are responsible for promptly reporting information related to suspicious transactions to directors ‣ The scope of client identification and verification requirements for reporting entities has expanded