Resources

Go to the primary source. Always.

Summaries are useful. Regulations are binding. These are the documents an examiner will expect you to have actually read.

FATF 40 Recommendations

The global AML/CFT standard every national framework is measured against.

Open source

Prevention of Money Laundering Act, 2002

India's principal AML statute, with the Maintenance of Records Rules, 2005.

Open source

RBI Master Direction — KYC

Operational KYC and AML expectations for banks, NBFCs and payment institutions.

Open source

SEBI AML/CFT Circulars

Obligations across market intermediaries, KRAs and depositories.

Open source

IFSCA AML Guidelines

Framework applying to entities operating in GIFT City and IFSC units.

Open source

Wolfsberg Group Standards

Industry guidance on correspondent banking, CDD and financial crime principles.

Open source

Glossary

CDD
Customer Due Diligence — baseline identification and risk understanding.
EDD
Enhanced Due Diligence — deeper measures for high-risk relationships.
UBO
Ultimate Beneficial Owner — the natural person who ultimately controls an entity.
PEP
Politically Exposed Person — holder of a prominent public function.
STR
Suspicious Transaction Report filed with the Financial Intelligence Unit.
CTR
Cash Transaction Report triggered by threshold cash activity.
TBML
Trade Based Money Laundering — value moved through mis-priced trade.
RBA
Risk Based Approach — control effort proportionate to assessed risk.
SoF / SoW
Source of Funds and Source of Wealth.
FIU-IND
India's Financial Intelligence Unit, recipient of STRs and CTRs.
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