Understanding What Compliance Requires
AML and PMLA requirements can vary depending on the nature of the business and its activities. We help clients understand the requirements that apply to them and address their compliance obligations in a practical manner.
Applicability Assessment under PMLA
Determine whether your business qualifies as a Reporting Entity and identify threshold transactions.
AML & PMLA Compliance Review
We assist with reviewing AML and PMLA compliance requirements and identifying areas that may require attention.
AML Policy & Compliance Documentation
We assist with developing and reviewing AML policies, procedures and internal compliance documentation appropriate to the applicable requirements.
Anti-Fraud Policy & Advisory
We assist businesses with developing and reviewing anti-fraud policies and addressing fraud-related risks within the organisation.
AML Audit & Review Support
We assist businesses with preparation for AML compliance audits and reviews, and with addressing compliance or documentation matters that may arise.
Fraud Risk & Financial Review
We assist businesses with financial and fraud-related concerns that may require closer review, including unusual transactions, financial discrepancies and suspected irregularities.
Strengthening AML Compliance
AML and PMLA requirements can create significant compliance responsibilities for businesses and professionals. We help clients understand the requirements that apply to them and strengthen their approach to AML compliance as their activities and regulatory obligations evolve.
How we work with you Practical Support for AML & PMLA Compliance
Initial Applicability Review
We help you understand whether AML and PMLA requirements may apply to your activities and what compliance obligations may arise.
Compliance Documentation
We assist with preparing and reviewing AML policies and other compliance documentation relevant to the applicable requirements.
Compliance Support
We assist with addressing the AML and PMLA compliance requirements relevant to the engagement.
Ongoing Compliance Support
We provide ongoing advisory support for AML and PMLA matters as compliance requirements and business circumstances evolve.
Ongoing Support
We provide ongoing advisory as AML and PMLA requirements evolve or new compliance matters arise.
Support for AML & PMLA Compliance Matters
See What Our Clients Are Saying
We meet our clients where they are—whether they’re navigating property transactions, handling departmental notices, or seeking audit-readiness. Our role is to ensure every step is documented, lawful, and aligned with applicable regulations.
Each engagement is designed to deliver clarity in compliance, strength in documentation, and confidence in representation. Our commitment lies in guiding clients through statutory responsibilities with structure and assurance.
With deep domain expertise across taxation, FEMA, and audit compliance, Lekshmi N Iyer & Associates supports clients with hands-on guidance, structured processes, and a proactive approach that simplifies decision-making and mitigates regulatory risks.
PMLA & AML FAQs
Common questions about PMLA, AML requirements and related compliance matters in India.
Who needs to comply with PMLA in India?
PMLA requirements apply to certain businesses and professionals that fall within the definition of a Reporting Entity under the law. Whether they apply to you depends on the nature of your business and the activities you carry out.
How do I know if PMLA applies to my business?
PMLA does not apply to every business in the same way. Whether it applies to you depends on what your business does and the requirements relevant to those activities. If you are unsure, we can help you understand where you stand and what may need attention.
What is an AML policy?
An AML policy sets out how a business addresses the anti-money laundering requirements that apply to its activities. The contents will depend on the nature of the business and its regulatory obligations.
We assist with developing and reviewing AML policies appropriate to the applicable requirements.
What should I do if I am unsure whether my current AML compliance is adequate?
If you are unsure about your current position, an independent review can help you understand whether the applicable requirements are being addressed and whether any areas need further attention.
Disclaimer
Note: The advisory offered is strictly within the professional boundaries permitted by the ICAI
Code of Ethics and does not constitute legal representation or enforcement interaction.
