Mumbai: The Reserve Bank of India (RBI) on Monday asked non-bank financial companies (NBFCs) to appoint a senior person for ensuring compliance with the obligations under the prevention of money laundering regulations.
NBFCs were advised to nominate a senior person to ensure compliance with the obligations under the Prevention of Money Laundering (Amendment) Act (PMLA), 2012, the RBI said in a notification.
They can also designate a person who holds the position of senior management or equivalent as a "designated director".
"However, in no case, the principal officer should be nominated as the designated director," it said.
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