Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
Recovery of Shares
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Banking Finance & Treasury
Funds & Investment Structures
Global Operations
Compliances
Aviation & Aircraft Leasing
Select Country
Are you an authorized FFMC tired of managing money changer compliance? Here at Enterslice, we help our clients with record maintenance, KYC, FEMA, AML, and customer due diligence, and other money changer compliance services.
500000 +
500 +
50 +
GET FREE CONSULTATION
Rated at 4.8/5 21847+ Happy Reviews
Money changer compliance services help FFMC businesses like you in fulfilling the RBI-required obligations under the FEMA for limited foreign exchange activities.
As per the RBI master directives, you need to monitor transactions and submit reports on suspicious ones to the FIU-IND, preventing money laundering and terrorist financing activities.
Avoid penalties and legal issues by joining hands with Enterslice to record & report transactions, follow KYC rules for customer verification, and AML reporting requirements.
RBI Compliance Audit Support
On-Time Renewal of the FFMC License
30-Min Free Demo & Discussion
Full Policy Documentation
Timely RBI Disclosure Filings
360-degree Compliance Support
Check your AML/CFT/KYC/CPF obligations under the regulatory compliance for money changers with our due diligence health check services.
FFMC Compliance not only helps you avoid penalties but also helps you continue business without interruptions and maintain a good brand image. Key benefits are as follows:
If you maintain compliance with the RBI and FEMA, then you can save a lot of money otherwise spent on fines and regulatory sanctions.
You can safely continue to operate as a money changer if you file on-time, regular, and event-based reports to the RBI and maintain eligibility for branch expansion and business growth.
When you constantly monitor, detect suspicious transactions, and prevent money laundering, you reduce the chances and exposure to fraud, identity theft, and forgery. It is one of the merits of money changer compliance.
FFMC compliance reassures your clients and customers that all transactions are conducted via a regulated and registered entity/branch, improving your credibility with travelers, students, and foreign visitors, and helps you retain customers.
You can maintain consistent relationships with banking institutions to get services and loan solutions by demonstrating your AML and KYC compliance. It is one of the advantages of money changer compliance.
Authorized money changer compliance helps you create standardized procedures across your branches and franchise outlets, reducing and preventing errors and compliance breaches.
You can significantly improve your relationship with customers, banks, travel companies, and corporate clients by adhering to money changer annual compliance and building a professional brand. It is one of the advantages of money changer compliance.
With clear paperwork and documentation, you can track transactions, high-risk customers, and verification, decreasing the risk of exposure from incomplete records and documentation gaps. It is one of the merits of money changer compliance.
When you have a good standing as an authorized FFMC, you get to attract new clients and business partners with a scalable compliance framework, reducing regulatory risks.
You manage and handle RBI-related inspections and audits with organized paperwork and record maintenance for FFMC compliance.
Here's a list of documents that we will need from you to start your onboarding with us for Authorized Dealer Money Changer Compliance:
FFMC license
Certification of incorporation with MOA/AOA
Official business address
Policy on KYC and AML
Forex transactions SOPs
List of branches and franchises
A sample customer KYC file
Previous FIU and AML compliance records
Latest audited financial statements
Sample transaction records
Confused about documents?
Enterslice will help you with the following types of Authorized Dealer Money Changer Compliance:
Make sure that your entity is operating within RBI’s scope- maintaining the license, getting approvals for branch extensions & franchise approvals, and notifying the changes to the regulator.
Purpose of transaction, proper documentation, verification of declarations and cheques, maintenance of the FEMA records, and strict adherence to travel-related and remittance limits.
Check and validate a customer’s identity, collect paperwork from your clients, conduct due diligence, categorize high-risk clients, and maintain records.
Make AML policies, develop frameworks, monitor transactions, conduct risk assessments, and train staff on anti-money laundering.
Submit reports on suspicious (STRs) and cash transaction reports (CTRs) to the FIU-IND for money changer compliance.
Monitor your branches and franchises, conduct inspections, and report to the regulator as per proper deadlines. You should also make sure to train your employees and staff.
You should maintain records on KYC files, transaction records, AML, audits, inspections, and regulatory communications.
Train your employees on Anti-Money Laundering and Know Your Customer guidelines, prepare training materials, appoint a principal PMLA officer, and conduct awareness.
Protect the KYC data of your customers, provide a secure record storage facility, enhance the security of access controls & permissions, draft cybersecurity policies, and establish incident management procedures.
Check out how Enterslice experts will help you with Authorized Dealer Money Changer Compliance, as explained below:
We verify your Full-Fledged Money Changer (FFMC) licence, assess branch and franchise approvals, review the scope of authorized activities, and ensure that all records remain updated with the Reserve Bank of India (RBI).
Our compliance specialists develop and update essential policies, including KYC procedures, AML/CFT frameworks, customer due diligence processes, sanctions screening protocols, and risk-rating methodologies.
Before processing any foreign exchange transaction, we help verify customer identities, review supporting documentation, and ensure compliance with applicable regulatory requirements.
We assist in verifying identification documents, assessing the purpose of transactions, ensuring eligibility under FEMA regulations, evaluating customer risk profiles, and applying enhanced due diligence measures for high-risk cases.
Foreign exchange transactions are reviewed to confirm compliance with FEMA provisions. We assist with payment collection procedures, issuance of receipts and encashment certificates, and maintenance of transaction records.
Our team supports ongoing customer screening, transaction monitoring, identification of high-risk activities, and escalation of suspicious transactions to the designated Principal Officer when required.
We help maintain comprehensive documentation, including KYC records, customer declarations, encashment certificates, AML monitoring records, compliance reports, and audit documentation.
Our AML specialists assist with Suspicious Transaction Reports (STRs), responses to regulatory queries, record maintenance, and submission of required reports to FIU-IND, RBI, and other relevant authorities.
Periodic compliance audits and reviews are conducted to identify and rectify gaps. We support branch inspections, franchise due diligence, compliance evaluations, and implementation of corrective actions.
We provide employee training programmes, compliance manuals, and practical guidance covering foreign exchange transactions, KYC/AML requirements, FEMA regulations, and RBI Master Directions to strengthen compliance awareness across the organization.
Yes, money changer compliance is not a one-time thing. You need to continuously fulfill certain obligations to keep your business active. The compliance calendar for 2026 is-
Get a Money Changer Annual Compliance Plan for 365 Days
Take a look at the Money Changer Compliance Services by Enterslice:
Get expert guidance on licensing, renewals, internal controls, and ongoing regulatory assistance.
Never miss a deadline- get access to your own unique compliance calendar for timely submissions and regulatory reviews.
So, you can focus on your core operations while we help you reduce your workload via our compliance, reporting, and regulatory tracking support.
Fix your compliance gaps through internal and external audits via smart document organization and outputs.
Build functioning and practical procedures that support your daily operations within the FIU-IND and RBI scope.
We have 15+ years of experience in governance, risk, and regulatory compliance for money changers, NBFCs, payment aggregators, PSPs, and fintech. We provide AML consulting advisory services and AML regulatory reporting services. Key reasons to trust Enterslice for Regulatory Compliance for Money Changers are as follows:
A full-fledged money changer is permitted by the RBI to purchase and sell foreign currency for travel, education, and medical purposes. Also, you cannot operate without the prior approval of the central banking authority.
Your RBI approval will be valid for 12 months from registration, and you can renew the same before it expires for uninterrupted operations, because the regulator directly cancels your permit if you fail to apply for the renewal within the timeline.
You can start your business within six months of your certificate issue date. Just submit a copy of your Shop & Establishment Act registration, rent receipt, or a lease agreement of your physical address to the Reserve Bank of India before you officially start your operations.
For foreign trips, you can carry up to USD 3,000 per trip in currency notes and coins; any additional amount should be provided via a forex card, bank transfer, or any other approved channel. Upon return, you can retain around USD 2,000 worth of currency for future use if you don’t want to surrender it immediately after your return. You need to make a declaration to customs in case the currency notes exceed USD 5,000 and USD 10,000 in total foreign exchange upon arrival or departure to/from India.
Cash payments are permitted for up to INR 50,000 per transaction. Any amount exceeding the said limit should be made through digital or electronic payment channels like NEFT, RTGS, UPI, Cheque, DD, or card as per the RBI, FEMA, or related rules.
Some of the best industries for business setup in Sri Lanka include:
You need to maintain net owned funds at a minimum of INR 25 lakh for a single branch and INR 50 lakhs for multiple branches. The mandatory amount should be maintained by you at all times if you don’t want to face cancellations and suspensions by the RBI.
You need to file the cash report (CTR) for all transactions that exceed INR 10 lakhs, or small connected ones that exceed INR 10 lakhs every month by the 15th of the next month to the Financial Intelligence Unit- India. Also, you will have to maintain these records for 5 years from the transaction date.
Yes, the RBI mandates that all money changers implement a system to verify and validate real-time compliance with FEMA, AML, and KYC rules. You will be subject to periodic inspections by the central bank.
Of course, you can appoint a restricted money changer as a franchise for purchasing foreign currency. However, you will still be responsible for making sure that KYC, AML, and related compliance records are properly maintained, and the collection is surrendered by the said franchisee within the prescribed time.
As a money changer, you will need to identify and verify your customers, monitor/track suspicious transactions, report the STRs to the FIU-IND, and make a risk-based framework for AML and KYC compliance.
You should start the renewal process at least two months in advance of the permit expiration. Also, make sure to renew it within the timeline because you will have to submit a fresh application in case you miss the renewal timeline.
A STR is an event-based report submission, and you need to file it within seven days of forming suspicion with the FIU-IND's FINGate 2.0 online portal. Include your company’s details, customer information, transaction ID, and the reasons for suspicion, with documentation.
Red Herring Top 100 Asia enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 2000 privately financed companies each year in the Asia. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Google, Facebook, Kakao, Alibaba, Twitter, Rakuten, Salesforce.com, Xiaomi and YouTube would change the way we live and work.
Researchers have found out that organization using new technologies in their accounting and tax have better productivity as compared to those using the traditional methods. Complying with the recent technological trends in the accounting industry, Enterslice was formed to focus on the emerging start up companies and bring innovation in their traditional Chartered Accountants & Legal profession services, disrupt traditional Chartered Accountants practice mechanism & Lawyers.
-- Testimonials
“Enterslice and Its team made starting my company and running very easy. Their contribution in raising funds was immense. I highly recommend Enterslice to any one who wants to start a business in India. Thank you guys keep up the good work.”
CEO - Solarix
“Very professional services. I am highly impressed by their courteous and client oriented attitude.”
F Salon Paris
“Thanks for your services. The team is really professional. They make sure that things are delivered in time. The best part about Enterslice is the consultative approach and guiding us on all our business matters.”
Haiden Group - UAE
“I would like to thank the Enterslice team for the excellent business plan made by them. They understood our requirement and gave us exactly what we wanted. Thank you Team Enterslice.”
“I have registered my Trademark through them. The application was filed within 3 days. And the charges were also very reasonable. We got TM Approved in 6 month’s time without any re-submission or objection. They charge high to deliver the best in industry.”
“They provided customized and Highly skilled CA &services. The management invests themselves in your work. They ensured timely NBFC registration and are always ready and prepared with excellent advisory services. The best part of working with Enterslice is they are not having expertise of law but they are well versed with Digital marketing skills &fintech business model.”
“Great set of people working together. Very customer friendly. I am very satisfied with the food license registration services and will definitely come back for other similar requirements.”
“I came to know about Enterslice through a friend. Since then I have done GST Registration through them. The services are consumer centric and fast. I have recommended them to many of my acquaintance already.”
“I chose Enterslice to start my new Indian adventure as entrepreneur, and respect my past experience i was surprised by their professionalism. In particular, Raksha T. followed my startup process, and i was delighted with her support on every moment. Great, great experience.”
“Amazing services provided by your organization. They have completed our NBFC registration order within stipulated time period of 90 days. They provide constant guidance and support in the process. Their support in building fintech software is amazing.”
Stay updated with all the latest legal updates. Just enter your email address and subscribe for free!
Login
Get Started
WhatsApp
(+91) 9870310368 
(+1) 6292766228