Microsoft Word revised dop aml kyc for mtss and Forex docx

Post Offices should take steps to identify and assess their Money Laundering/Terrorist

Download 268.87 Kb. View original pdf Page 19/19 Date 17.07.2023 Size 268.87 Kb. #61708

Navigate this page:

• Post Offices would be required to adopt enhanced measures for products, services and customers
• The above KYC/ AML/ CFT Guidelines would also be applicable mutatis mutandis to all Post Offices and it will be the sole responsibility of the Postmasters to ensure that their locations

Post Offices should take steps to identify and assess their Money Laundering/Terrorist Funding risk for customers, countries and geographical areas as also for products services transactions/delivery channels, in addition to what has been prescribed in the paragraphs above. Post Offices would be required to adopt enhanced measures for products, services and customers with a medium or high risk rating. Post Offices may design risk parameters according to their activities for risk based transaction monitoring, which will help them in their own risk assessment. (iii) The above KYC/ AML/ CFT Guidelines would also be applicable mutatis mutandis to all Post Offices and it will be the sole responsibility of the Postmasters to ensure that their locations adhere to these guidelines. Download 268.87 Kb. Share with your friends: