PFRDA issued guidelines on Know Your Customer/Anti-Money Laundering/Combating the Financing of Terrorism (KYC/AML/CFT)

Jan 25, 2023 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Pension Fund Regulatory and Development Authority (PFRDA) on January 23, 2023, issued the guidelines on Know Your Customer/Anti-Money Laundering/Combating the Financing of Terrorism (KYC/AML/CFT). These guidelines are issued under the provisions of the Prevention of Money Laundering Act, 2002, and Rules.

The entities registered as Point of Presence (PoP) are required to comply with the requirements of the Prevention of Money Laundering Act, 2002 as per Regulation 15 of the PFRDA (Point of Presence) Regulations, 2018.

These guidelines will be effective from January 23, 2023. Provisions for Knowing existing subscribers (Para 8.2.2) pertaining to re-KYC will be effective from April 01, 2023.

Disclaimer – Please refer to the circular for more details on the guidelines provided in the Link/Document. 

[Circular No. PFRDA/2023/05/REG-POP/02]


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