Know Your Customer Norms/Anti-Money Laundering Standards/Combating Financing of Terrorism – Unique Customer Identification Code for Banks Customers in India


July 4, 2013

All NBFCs-Deposit taking  Companies/
NBFC-ND-SI with assets of Rs 25 cr and above

Dear Sir/Madam,

Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT) – Unique Customer Identification Code for Banks Customers in India (UCIC)

Please refer to our circular DNBS.(PD).CC.No.325/03.10.42/2012-13 dated May 3, 2013 on the captioned subject, advising NBFCs to initiate steps for allotting UCIC to all their customers while entering into any new relationships for individual customers to begin with, and to existing individual customers by end-June 2013

2 The time for completing the process of allotting UCIC to existing customers is extended up to March 31, 2014. We, however, reiterate that UCIC should be allotted to all customers while entering into new relationships.

Yours faithfully,

Chief General Manager

Tags: Acute myeloid leukemiaIndiaKnow Your CustomerKYCmoney launderingNon-banking financial companyTerrorism financingUCIC

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