RbiSearchHeader

Press escape key to go back

Past Searches

Theme
Theme
Text Size
Text Size
S1

Notification Marquee

RBI Announcements
RBI Announcements

RbiAnnouncementWeb

RBI Announcements
RBI Announcements

Asset Publisher

79079095

Memorandum of Instructions governing money changing activities

RBI/2008-09/405
A. P. (DIR Series) Circular No. 57
A. P. (FL/RL Series) Circular No. 04
 
March 09, 2009
 
To,
 
 
All Authorised Persons in Foreign Exchange
 

Madam / Sir,

 
Memorandum of Instructions governing money changing activities
 
Attention of Authorised Persons is invited to the Memorandum of Instructions to Authorised Money Changers (AMCs), issued vide A. P. (DIR Series) Circular No. 43 (A.P. (FL Series) Circular No. 1) dated November 12, 2002 and other relevant instructions issued from time to time, Anti-Money Laundering Guidelines (AML Guidelines) for Authorised Money Changers issued vide A. P. (DIR Series) Circular No. 39 (A.P. (FL Series) Circular No. 02) dated June 26, 2006.
 
2.   In view of the growth in money changing activities and issuance of several instructions including AML Guidelines on money changing activities, there was a need to rationalise the existing instructions pertaining to money changing activities. Accordingly, the instructions governing money changing activities issued to AMCs, duly reviewed are enclosed (Annex).
 

3.   Authorised persons may bring the contents of this circular to the notice of their constituents concerned.

 

4.   The directions contained in this circular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and non-compliance with the guidelines would attract penal provisions of Section 11(3) of the Act ibid.

 
 
 
Yours faithfully,
 
 
(Salim Gangadharan)
  Chief General Manager-in-Charge

RbiTtsCommonUtility

प्ले हो रहा है
শুনি আছে

Related Assets

RBI-Install-RBI-Content-Global

RbiSocialMediaUtility

ভাৰতীয় ৰিজাৰ্ভ বেংক মোবাইল এপ্পলিকেষ্যন ইনষ্টল কৰক আৰু নৱীনতম বাতৰিৰ প্ৰৱেশাধিকাৰ পাওক!

Scan Your QR code to Install our app

RbiWasItHelpfulUtility

এই পৃষ্ঠাটো সহায়ক আছিল নে?