SB Order no. 19 : Implementation of AML/CFT norms-external inspection of selected post offices by Min. of Finance

SB ORDER NO. 19/2011

No. F.No.25-04/2009-FS (Vol-I) (Part-AML/CFT inspection) 

Government of India

Ministry of Communications & IT Department of Posts Dak Bhawan, Sansad Marg, New Delhi-110001, Dated: 14.09.2011 To All Heads of Circles/Regions Addl. Director General, APS, New Delhi.

Subject:- Implementation of AML/CFT norms in Small Savings Schemes-an external inspection of selected post offices by Min. of Finance regarding.

Sir / Madam,

The undersigned is directed to refer to this office SB Order No.4/2011 dated 01.04.2011 vide which inspection questionnaire on AML/CFT norms in Small savings Schemes and manner of reporting was circulated.

1.                 Ministry of Finance, Department of Economic Affairs, Budget Division being regulator for implementation of AML/CFT norms in Small savings Schemes has decided that National Savings Institute (NSI) will act as Inspection Wing of Budget Division for the purpose of AML/CFT norms in Small savings Schemes and their Regional Directors in the respective States will carry out external inspection of selected post offices.

2.                 It is requested that necessary action may be taken immediately to inform the field units to be prepared for the external inspections and raise the level of Implementation of AML/CFT norms including reporting of Cash and Suspected Transactions and record keeping to 100%. All inspecting authorities may also see the level of implementation of these norms during their visit to all post offices including EDBOs.

3.                 This issues with the approval of Member (Tech.) Yours faithfully,

(Kawal Jit Singh) Assistant Director (SB)

Copy to:

1.    DDG(FS)/DDG(VIG)/JS&FA/DDG(PAF/DDG(RB)/DDG (Estt.)/DDG(PG&Inspections)

2.    Director (Tech) O/o Pr. CPMG T..N Circle.

3.    Director (FS)/Director (CBS), Dak Bhawan.

4.    Director of Audit (P&T), Delhi.

5.    All Directors/Dy. Directors of Accounts, Postal

6.    Director, Postal Staff College, Ghaziabad.

7.    All Directors, Postal Training Centres.

8.    Director PTC Mysore for uploading the SB order on India Post Web Site.

9.    A.D (Tech), SDC Chennai O/o CPMG T.N.Circle, Chennai.

10.AD /Inspection/PF/Vigilance

11.All Accounts Officers ICO(SB)

12.All recognized unions.

13.MOF(DEA), NS-II, North Block, New Delhi

14.Director, NSI, CGO Complex,’A’Wing, 4^th Floor, Seminary Hills, Nagpur-440006

15.PS to Member (T)

16.PPS to Secretary Posts.