The Prevention of Money-Laundering) Act, 2002 (PMLA) and the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005 (PMLA Rules), form the legal framework on Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) which are required to be adhered to by the Regulated Entities (REs). A comprehensive KYC-AML framework is a bulwark to prevent the financial system from being misused in money laundering and other unlawful activities. India, being a member of FATF, is committed to uphold the global standards for prevention of Money Laundering (ML) / Terrorist Financing (TF) and protect the integrity of global financial system. REs must have a robust, efficient and sound KYC-AML framework which has to be updated periodically, as part of their business strategy and minimum governance standards. The Boards of REs should have proper oversight on the KYC-AML framework and ensure that effective KYC-AML policies, procedures, systems and controls are in place, properly aligned with the regulatory guidelines, to ensure strict compliance with KYC-AML requirements.
This programme seeks to sensitize the senior executives of REs about the risk and strategic issues which need to be factored in the KYC-AML framework and address the challenges in respect of regulatory compliance. There will also be a discussion on extant regulations, and recent changes to the KYC & AML regulations including the requisite management oversight on systems & controls and for operational resilience.
The program will deal with the following topics:
Rs. ₹40,000/- + 18% GST