Thursday, June 25, 2015

Non observation of AML/CFT guidelines for money remittance and other financial activities in post offices

WUMT TRANSACTIONS  படுத்துப் போச்சுன்னும்  சொல்லுவாங்க , 
AML GUIDELINES FOLLOW  பண்ணலைன்னும் சொல்லுவாங்க . 

தப்பு  நடந்து போச்சுன்னா  RULE 14 பாயும்.  
இறுக்கிப் புடிச்சா "TARGET " ACHIEVE  பண்ணலைன்னு  NOTICE ம்  வரும் . 

 பலியாகிறது நம்ம  அப்பாவி  எழுத்தர் தானே ? 

வியாபாரமும் இல்லாமே, SERVICE ம்  இல்லாமே , அரசாங்கமும் இல்லாமே , தனியாரும் இல்லாமே .... எல்லாமே  வேடிக்கைதான் !
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1-6/2015/PCO/PMLA
Government of India
Ministry of Communication & IT
Department of Posts


Subject:- Non observation of AML/CFT guidelines for money remittance and other financial activities in post offices

                  Instances come to the notice of the department from time to time that, AML/CFT guidelines on international money transfer are not properly followed in post offices resulting into transactions of suspicious nature either going unnoticed or unreported, such as:

i.    high frequency of transaction in a single counter,
ii.   cash payment of high value amount where cheque payment is prescribed,
iii.  multiple transactions by a few customers
iv.  non verification of relationship between sender and the recipient, or unspecified relation,
v.   non verification of customer identity such as signature, physical description etc.,
vi.  Unverified, or, possibly, fictitious addresses, contact numbers, identities, names of the clients on either side, etc.

2.  Such occurrences are possible either due to lack of knowledge/training of the staff concerned, or distracted /overburdened staff unable to respond to the signals. However, sometimes these can also be deliberate. Further, lack of reporting of suspicious transactions/sending Nil STR can lead to incorrect reporting by the department. Considering the responsibility of the Department of Posts towards adherence to the Anti Money Laundering and Combating of Terrorist Financing measures as per PMLA 2002, strict compliance to AML/CFT guidelines for money remittance and other financial services is of utmost importance.

3. Circles are therefore requested to make all efforts, through their anti money laundering compliance cells and inspection and monitoring apparatus, to ensure adherence to AML/CFT guidelines by the post offices, especially  with high WUMT business. There is a need to sensitize the operational, supervisory and inspecting staff so that they are able to detect a suspicious transaction and take appropriate measures and report as per standing instructions on the subject. The need for a rigorous, continuous training regime cannot be over emphasized.  Nil STR reporting should be cross checked by divisions/regions/circles before onward submission of the same.
Niraj Kumar
DDG (PCO)
PMLA

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