Interactive Planning Approach
With evolving AML regulations under PMLA (Amendment) 2022, businesses must now demonstrate compliance—not just intent. We support financial entities, real estate professionals, and regulated service providers in building practical, risk-based frameworks that ensure readiness for audits and regulatory reviews.
Applicability Assessment under PMLA
Determine whether your business qualifies as a Reporting Entity and identify threshold transactions.
FIU-IND Registration Assistance
Guidance on completing Form 1 registration with the Financial Intelligence Unit (India).
AML Policy Documentation
Support in drafting AML policies, assigning roles, and establishing internal controls.
Suspicious Transaction Reporting (STR) Advisory
Process walk-through for STR filing and transaction monitoring alerts.
Audit Preparation & Response
Help with preparation for internal or external AML compliance audits, including documentation collation and checklists.
Staff Training (on request)
Awareness sessions on identifying red flags, maintaining logs, and handling client onboarding with KYC norms.
Achieving Risk-Free Operations
Non-compliance with PMLA can expose businesses to regulatory action and reputational risk. We help you build a clear, documented AML compliance framework—backed by training and systems—so you’re equipped to stay audit-ready and proactive under evolving regulations.
Step-by-Step Guidance on AML Compliance
Initial Applicability Review
Examine your business model, services, and transaction types to assess applicability.
Documentation Setup
Draft AML policy, client due diligence processes, and record maintenance procedures.
FIU-IND Registration & Reporting Setup
Assist in filing registration forms and establishing STR/CTR protocols.
Compliance Monitoring Tools
Provide templates for risk-based monitoring, record maintenance, and audit preparation.
Ongoing Support
Year-round advisory on updates to obligations, rule changes, and client screening requirements.
Comprehensive Solutions Tailored to Your Needs
- Investments
- Finances & Economy
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
Frequently asked questions on anti-money laundering compliance and PMLA regulations in India.
Who is required to comply with PMLA regulations in India?
Any person or entity classified as a Reporting Entity under Section 2(1)(wa) read with Rule 3 of the PMLA (Maintenance of Records) Rules—including financial institutions, professionals, real estate consultants, and dealers in precious metals or stones—must comply.
What is FIU-IND registration and how do I obtain it?
FIU-IND (Financial Intelligence Unit – India) registration is mandatory for reporting entities to submit cash and suspicious transaction reports. We assist you in preparing the required documentation, setting up secure logins, and registering your entity to remain compliant with PMLA norms.
What does an AML policy include?
An AML (Anti-Money Laundering) policy outlines your procedures for client onboarding (KYC), transaction monitoring, internal reporting, and staff training to prevent financial crimes. It also includes risk assessment protocols and escalation steps. We draft tailored AML policies that meet industry-specific guidelines and regulatory expectations.
Can you help with suspicious transaction reporting or audits?
Yes, we provide ongoing support for identifying, documenting, and reporting suspicious transactions to FIU-IND. We also conduct internal AML compliance audits to ensure your reporting, record-keeping, and staff practices are up-to-date and inspection-ready.
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.
