Securities Markets Compliance and AML- CFT Framework Combo Books (NISM) By Taxmann

Securities Markets Compliance and AML–CFT Framework Combo is a comprehensive, regulation-aligned professional reference set comprising two authoritative workbooks that together establish the regulatory, compliance, and financial crime prevention framework governing India's securities market ecosystem. This workbook set functions as a complete compliance library for professionals engaged with SEBI-registered intermediaries and securities market institutions. Rather than treating compliance and AML–CFT as isolated functions, it integrates the broader regulatory architecture of securities markets with the specialised requirements of anti-money laundering, counter-terror financing, and risk-based compliance frameworks. Designed as a common minimum knowledge benchmark, this Combo enables readers to understand how securities intermediaries operate within the SEBI regulatory ecosystem while simultaneously ensuring adherence to PMLA-driven AML–CFT obligations, KYC norms, and enforcement standards.

This Combo is specifically suited for professionals and institutions that require a holistic and defensible understanding of securities market regulation and AML–CFT compliance, including:

• Compliance Officers and Compliance Teams of SEBI-registered intermediaries
• Stock Brokers, Depository Participants, Merchant Bankers, Registrars, Custodians, and Credit Rating Agencies
• AML–CFT, Risk, Surveillance, and Internal Audit Functions
• Legal & Regulatory Affairs Teams in financial services organisations
• Professionals involved in policy drafting, compliance audits, inspections, and regulatory reporting
• Academicians, Trainers, and Researchers focusing on securities regulation and financial crime prevention

This Combo comprises two authoritative workbooks developed by the National Institute of Securities Markets (NISM) and published exclusively by Taxmann. Each workbook has been prepared in close collaboration with NISM's Certification Team and seasoned industry experts, and rigorously reviewed by senior practitioners. The key features of this Combo include:

• [End-to-end Compliance Coverage] Combines core securities regulation with AML–CFT obligations, enabling readers to understand how compliance functions operate in practice—across governance, monitoring, reporting, and enforcement
• [Authoritative Regulatory Framework] Covers all major securities laws and regulations, including:
• SEBI Act 1992
• SCRA & SCRR
• SEBI (Intermediaries) Regulations
• Insider Trading & FUTP Regulations
• PMLA, AML–CFT Guidelines, and KYC norms
• [Intermediary-specific Orientation] Explains compliance obligations distinctly for each category of SEBI-registered intermediary, avoiding a one-size-fits-all approach
• [Enforcement & Penal Action Focus] Details inspection mechanisms, investigations, disciplinary proceedings, defaults, penalties, and adjudication processes
• [Practical AML–CFT Application] Uses examples, procedural guidance, and regulatory case studies to demonstrate how AML, CFT, and PF provisions apply in day-to-day operations

The coverage of the Combo is as follows:

• Regulatory & Intermediary Compliance Workbook – This workbook establishes the foundational and operational regulatory framework governing SEBI-registered intermediaries and securities market participants
  • Financial System & Securities Market Architecture
    • Covers the structure of India's financial system, types of financial intermediaries, securities instruments, and the functioning of primary and secondary markets
  • Regulatory Ecosystem & Legislative Structure
    • Explains the role of SEBI and other regulatory authorities, appellate mechanisms, legislative foundations, and supervisory architecture governing securities markets, including the IFSC framework
  • Core Securities Laws & Regulatory Powers
    • Provides structured coverage of key legislation, including:
      • SEBI Act 1992
      • Securities Contracts (Regulation) Act & Rules
      • SEBI (Intermediaries) Regulations
      • Insider Trading Regulations
      • Prohibition of Fraudulent and Unfair Trade Practices (FUTP)
    • Focuses on regulatory authority, disclosure obligations, governance standards, and enforcement mechanisms
  • Intermediary-Specific Regulatory Framework
    • Covers the compliance architecture governing SEBI-registered intermediaries such as Stock Brokers, Merchant Bankers, Depository Participants, Custodians, Credit Rating Agencies, Investment Advisers, Research Analysts, Debenture Trustees, Registrars & Transfer Agents, and Foreign Portfolio Investors
    • Addresses registration requirements, code of conduct, operational responsibilities, reporting standards, and supervisory expectations
  • Compliance Function, Inspection & Enforcement Mechanisms
    • Explains the scope and responsibilities of compliance officers, internal control systems, inspection processes, disciplinary proceedings, and regulatory action in cases of default
• AML–CFT & Financial Crime Prevention Workbook – This workbook builds specialised competence in Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), and financial crime risk management within securities markets
  • Foundations of AML, CFT & Proliferation Financing
    • Explains money laundering processes, terrorist financing risks, global AML initiatives, and the evolution of India's AML–CFT regulatory framework
  • Prevention of Money Laundering Act (PMLA) Framework
    • Provides in-depth coverage of reporting entity obligations, maintenance of records, suspicious transaction monitoring, and coordination between SEBI and FIU-IND
  • Risk-Based AML Compliance & Internal Controls
    • Explains customer risk categorisation, enhanced due diligence, internal AML policies, written procedures, compliance oversight, and monitoring systems within intermediaries
  • KYC & Customer Due Diligence Framework
    • Covers KYC procedures, onboarding standards, digital KYC processes, KYC Registration Agencies, documentation requirements, and ongoing monitoring obligations
  • Scheduled Offences & Regulatory Exposure
    • Examines offences under securities and allied laws that trigger AML obligations and regulatory reporting responsibilities
  • Enforcement, Case Studies & Penal Consequences
    • Covers investigation processes, enforcement actions, penal provisions, regulatory precedents, and practical compliance lapses to strengthen real-world application

The structure of the Combo is as follows:

• Modular & Layered Design – Progresses from system-level regulation → intermediary obligations → enforcement → AML–CFT risk controls
• Workbook-style Presentation – Clear explanations, structured chapters, practical illustrations, and compliance-ready articulation
• Thematic Organisation – AML–CFT book follows a logical flow from conceptual foundations to statutory rules, guidelines, and practical cases
• Practice-first Orientation – Emphasis on 'how compliance is implemented and tested', not merely what the law states