📘 AML and CFT Provisions in Securities Markets | January 2025 Edition
✒️ Authored by NISM Certification Team & Ms. Monica Sachdeva, reviewed by Dr. Shreyas Vyas, this official workbook published by Taxmann serves as the definitive guide to Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) in the Indian securities market. Aimed at both aspirants and professionals, it combines regulatory clarity with practical insight, essential for NISM AML–CFT Certification and day-to-day compliance operations.

🔍 Key Highlights:

• ✅ Official NISM Resource
  Developed in collaboration with NISM, ensuring alignment with certification exam requirements and latest regulatory standards

• 📚 Comprehensive Legal & Regulatory Coverage

  • Prevention of Money Laundering Act (PMLA)

  • SEBI AML–CFT Guidelines

  • FIU-IND, KYC & Record Maintenance Rules

  • Proliferation Financing (PF) Prevention Measures

• 💡 Lucid & Exam-Oriented Explanations

  • Flowcharts, examples & real case studies (e.g., Paytm Payments Bank, FIU-IND vs. Way2Wealth)

  • Key concepts broken down into easily digestible formats

• 🧩 Eight Thematic Chapters

  • Covers foundational topics (AML/CFT basics)

  • In-depth rule-based discussions on record keeping, scheduled offences, and digital KYC

  • Final chapter with practical case studies and regulatory actions

• 🧠 Exam Prep Support

  • Chapter-wise syllabus outline & weightage

  • Focus on conceptual clarity + compliance readiness

👥 Who Should Read This Book?

• 🎯 Aspiring Professionals & Students – Preparing for the NISM AML–CFT Certification Exam

• 💼 Securities Market Intermediaries – Brokers, fund houses, compliance officers, and onboarding teams

• ⚖️ Legal & Compliance Professionals – Crafting and reviewing AML–CFT policies

• 📖 Researchers & Academicians – Studying regulatory controls in financial crime prevention

📖 Book Structure Overview:

Part A: Core Understanding

1. Introduction to AML, CFT, and PF – Global frameworks (FATF), Indian ecosystem

2. PMLA Provisions – Reporting, compliance, authorities (e.g., FIU-IND)

3. Maintenance of Records Rules – Record-keeping, KYC norms, digital onboarding

Part B: Legal Integration & Practice

4. Scheduled Offences – Interplay with SEBI, Companies Act, IPC, etc.

5. SEBI Guidelines – AML policies for intermediaries, operational SOPs

6. AML–CFT Regulatory Framework – Indian and global standards

7. Know Your Client (KYC) – KYC Registration Agencies, Aadhaar-based verification

8. Case Studies – Real-world compliance breaches and enforcement outcomes

🔧 Features That Add Value:

• ✅ Practice-Oriented Layout – Focused on day-to-day relevance for practitioners

• 🔄 Flowcharts & Visual Aids – Aid comprehension and retention

• 🎯 Strategic Syllabus Mapping – Optimize exam preparation with weighted content