Question 1

What AML regulations are covered in the Mumbai AML Compliance Workshop?

Accepted Answer

Shasat's two-day AML Compliance Workshop in Mumbai covers Reserve Bank of India RBI AML guidelines, Prevention of Money Laundering Act PMLA obligations, Financial Intelligence Unit India FIU-IND reporting requirements, SEBI AML circular requirements for market intermediaries, IRDAI insurance AML guidelines, FATF recommendations, APG mutual evaluation requirements, Cash Transaction Report CTR obligations, Suspicious Transaction Report STR filing requirements, RBI virtual digital asset AML guidelines, FATF Travel Rule, OFAC sanctions, UN Security Council sanctions, and counter proliferation financing CPF obligations.

Question 2

Who should attend the AML Compliance Workshop in Mumbai?

Accepted Answer

This AML workshop in Mumbai is designed for Chief Compliance Officers, MLROs, RBI-regulated compliance professionals, PMLA reporting entity compliance officers, SEBI-regulated compliance professionals, IRDAI-regulated insurance compliance officers, NBFC compliance professionals, payment institution compliance officers, fintech compliance professionals, AML Compliance Managers, Risk Managers, Internal Auditors, Legal Counsel, Chartered Accountants, Company Secretaries, and real estate AML compliance officers across India.

Question 3

Is this AML course relevant for professionals across all of India?

Accepted Answer

Yes. Shasat's AML Compliance Workshop in Mumbai is the most accessible and most affordable AML training programme available in India at £1,200. It attracts compliance professionals from across all of India including Delhi, Bangalore, Hyderabad, Chennai, Kolkata, Pune, Ahmedabad, Jaipur, Lucknow, Surat, Nagpur, Indore, Chandigarh, Kochi, and all major Indian cities. Mumbai is India's financial capital and the most accessible AML training hub for compliance professionals from every Indian state.

Question 4

What is the PMLA and who does it apply to in India?

Accepted Answer

The Prevention of Money Laundering Act PMLA is India's primary AML legislation. It applies to reporting entities including banks, NBFCs, payment institutions, insurance companies, capital market intermediaries, real estate agents, accountants, and other designated businesses and professions. Reporting entities must implement customer due diligence, beneficial ownership verification, transaction monitoring, and Cash Transaction Report and Suspicious Transaction Report filing obligations to FIU-IND. This workshop provides comprehensive practical guidance on all PMLA obligations for Indian compliance professionals.

Question 5

What are Cash Transaction Reports and who must file them in India?

Accepted Answer

Cash Transaction Reports are reports that Indian reporting entities must file with FIU-IND for cash transactions above Rs 10 lakh. All PMLA reporting entities including banks, NBFCs, insurance companies, and market intermediaries are required to file CTRs. This workshop covers CTR filing obligations, reporting thresholds, practical CTR preparation, common errors, and best practice for Cash Transaction Report compliance under PMLA and RBI AML guidelines.

Question 6

Is this AML course relevant for NBFC compliance professionals in India?

Accepted Answer

Yes. India has thousands of Non-Banking Financial Companies regulated by RBI and all NBFCs are subject to PMLA reporting obligations and RBI AML guidelines. This workshop specifically addresses NBFC-specific AML compliance including RBI AML master directions for NBFCs, customer due diligence for NBFC lending and investment products, and suspicious transaction reporting obligations for NBFC compliance teams across India.

Question 7

Is digital assets and cryptocurrency AML compliance covered for India?

Accepted Answer

Yes. This workshop covers RBI virtual digital asset AML guidelines for Indian banks and payment institutions, FATF Travel Rule implementation for Indian digital asset businesses, DeFi risks, NFT-related financial crime, and blockchain analytics tools. India has one of the world's largest cryptocurrency user populations and PMLA amendments have brought virtual digital asset service providers under AML reporting obligations making this one of the most important training topics for Indian compliance professionals.

Question 8

Is this AML course relevant for Chartered Accountants and Company Secretaries in India?

Accepted Answer

Yes. Chartered Accountants and Company Secretaries in India are reporting entities under PMLA and face AML compliance obligations including customer due diligence, beneficial ownership verification, and suspicious transaction reporting to FIU-IND. This workshop specifically addresses the AML obligations facing Indian Chartered Accountants and Company Secretaries making it directly relevant for ICAI and ICSI members across India seeking CPD accreditation.

Question 9

Is the Mumbai AML course CPD and CPE accredited?

Accepted Answer

Yes. All delegates receive CPD and CPE accreditation upon completion of Shasat's AML Compliance Workshop in Mumbai. The accreditation is recognised by major professional bodies across India and internationally including the Institute of Chartered Accountants of India ICAI, Institute of Company Secretaries of India ICSI, ACAMS, the International Compliance Association ICA, ACCA, CIMA, and ICAEW.

Question 10

Can this AML workshop be delivered in-house across India?

Accepted Answer

Yes. Shasat delivers this AML Compliance Workshop as an in-house programme for organisations across all of India including Mumbai, Delhi, Bangalore, Hyderabad, Chennai, Kolkata, Pune, Ahmedabad, Jaipur, and Lucknow. In-house delivery allows the programme to be tailored to your organisation's specific RBI requirements, PMLA obligations, FIU-IND reporting framework, and sector-specific AML compliance challenges across India.

Question 11

What makes this the best AML training course in India?

Accepted Answer

Shasat's AML Compliance Workshop in Mumbai is the most comprehensive and most affordable AML training programme available in India at £1,200. It is the only programme that combines RBI AML guidelines, PMLA compliance requirements, FIU-IND reporting obligations, SEBI and IRDAI sector-specific requirements, Cash Transaction Report and Suspicious Transaction Report practical guidance, hawala and trade-based money laundering typologies, RBI virtual digital asset guidelines, and international FATF standards in a single two-day programme. CPD and CPE accredited and recognised by ICAI and ICSI.

Question 12

Where else does Shasat deliver AML Compliance Workshops globally?

Accepted Answer

In addition to Mumbai, Shasat delivers 2-Day AML Compliance Workshops in London, Singapore, Las Vegas, Dubai, Zurich, Manila, Brussels, Cape Town, Mexico City, Cyprus, Bermuda, Nairobi, Riga, Sydney, Istanbul, Rio de Janeiro, and New York. Online AML Masterclass and Crypto AML courses are also available globally.

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