FIU

Financial Intelligence Unit India

23rd May 2019

Financial Intelligence Unit What is FIU Registration? Section 12 of PMLA, 2002 and rules there under require every reporting entity to check and verify and maintain the records of the identity of all its clients including beneficial owners. For verification and maintenance of records of the identity of clients are prescribed under Rules 9 and […]

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NBFC Account Aggregator (NBFC-AA) License

23rd May 2019

NBFC Account Aggregator (NBFC-AA) License What is an Account Aggregator? Before coming to the NBFC Account Aggregator license, it’s important to understand the term “Account Aggregator”. Account Aggregators are such type of entities which enable financial data sharing across financial institutions besides maintaining a record & obtaining consent. Under this, consent can be revoked and […]

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