The Bombay Stock Exchange (BSE) on November 21, 2024, notified regarding the Internal Risk Assessment of Registered Intermediaries.
In order to ascertain the adherence to the AML/CFT norms and evaluate the implementation & effectiveness of measures to combat money laundering and terrorist financing, SEBI has advised the Exchanges to collate data/information from the Members relating to client risk categorization & due diligence, ML/TF risk assessment, Alert Generation System, conduct of AML/CFT related trainings, BO identification, record keeping etc. of all the active Members who have executed trades from April 2023 to March 2024.
Members are required to do the submission through BEFS> Internal Risk Assessment >IAR Submission. The detailed procedure for submitting the data/information through the module is enclosed herewith as Annexure-A.
All members are advised to ensure the submission on or before November 28, 2024.
[Notice No. 20241121-25]
