SEBI proposes AML/CFT certification for market officers
In short
SEBI has proposed a mandatory AML/CFT certification for principal officers of market intermediaries. The idea is to make sure they can spot suspicious transactions and follow reporting rules.
What the reporting says
SEBI has proposed mandatory AML/CFT certification for principal officers of market intermediaries to ensure they can identify suspicious transactions, assess money-laundering risks and meet reporting obligations. The proposal is aimed at strengthening compliance under the anti-money laundering and counter-terror financing framework. The measure would affect principal officers across intermediaries if adopted.
Why it matters
SEBI has proposed mandatory AML/CFT certification for principal officers of market intermediaries, with the stated goal of improving their ability to identify suspicious transactions, assess money-laundering risks and comply with reporting obligations. The proposal would tighten compliance expectations across the market ecosystem if adopted.