Know Your Customer

˜At par™ cheque facility extended to Cooperative Banks/RRBs by Scheduled Commercial Banks

RBI/2013-14/344 RPCD.CO.RRB.RCB.BC.No. Cir.No. 48/07.51.010//2013-14 October 29, 2013 The Chairman All Regional Rural Banks (RRBs) All State and Central Co-operative Banks (StCBs and CCBs) Dear Sir, Know Your Customer (KYC)/Anti Money Laundering (AML) Standards/Combating Financing of Terrorism (CFT)/ Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 ˜At par™ cheque facility extended to Cooperative… Read More

Tags: BankchequeIndian Settlement SystemsKnow Your CustomerModern Language Associationmoney launderingPrevention of Money Laundering Act 2002Regional Rural Bank

RBI update w.r.t. ˜At par™ cheque facility extended to Cooperative Banks by Scheduled Commercial Banks

RBI/2013-14/332 UBD.BPD (PCB) Cir. No. 32/14.01.062/2013-14 October 22, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks. Madam / Dear Sir, Know Your Customer (KYC)/Anti Money Laundering (AML) Standards/Combating Financing of Terrorism (CFT)/ Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 ˜At par™ cheque facility extended to Cooperative Banks by Scheduled… Read More

Tags: BankchequeIndian Settlement SystemsKnow Your CustomerKYCModern Language Associationmoney launderingPrevention of Money Laundering Act 2002

RBI Directive w.r.t. Operational Procedure to be followed by UCBs for e-KYC exercise

RBI/203-14/263 UBD.BPD (PCB) Cir. No.15/14.01.062/2013-14 September 17, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks. Madam / Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 e-KYC Service of UIDAI Recognising on-line Aadhaar authentication (electronic verification… Read More

Tags: AadhaarKnow Your CustomerKYCmoney launderingPhonePrevention of Money Laundering Act 2002UIDAIUnique Identification Authority of India

RBI update w.r.t. KYC Procedure for Opening of Bank Accounts for Foreign Students studying in India

RBI/2013-14/237 UBD. BPD (AD). Cir.No. 4/14.01.062/2013-14 September 10, 2013 The Chief Executive Officer All AD Category I Primary (Urban) Co-operative Banks Madam / Dear Sir, Foreign students studying in India KYC procedure for opening of bank accounts Primary (Urban) Cooperative Banks (UCBs) It has been represented to us that foreign students arriving in India are… Read More

Tags: BankIndiaInternational studentKnow Your CustomerKYCNROReserve Bank of India

RBI Clarifications on KYC / AML Standards & Information sought by UCBs from Customers

RBI/2013-14/228 UBD.BPD (PCB) Cir. No. 11/14.01.062/2013-14 September 05, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks. Madam / Dear Sir, Know Your Customer (KYC)/Anti Money Laundering (AML) Standards/Combating Financing of Terrorism (CFT)/ Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 Information sought by banks from customers - Primary (Urban) Co-operative… Read More

Tags: Acute myeloid leukemiaKnow Your CustomerKYCModern Language Associationmoney launderingPrevention of Money Laundering Act 2002Reserve Bank of IndiaTerrorism financing

RBI :: Information sought by Banks from Customers under PMLA has to be as per guideline and not intrusive

RBI/2013-14/213 DBOD. AML.BC. No. 50/14.01.001/2013-14 September 3, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under PMLA, 2002 Information sought by banks from customers… Read More

Tags: Acute myeloid leukemiaCommercial bankIndiaKnow Your CustomerKYCModern Language Associationmoney launderingTerrorism financing

RBI clarifications w.r.t. Foreign students studying in India and KYC procedure for opening bank accounts

RBI/2013-14/210 DBOD.AML.BC.No.45/14.01.001/2013-14 September 2, 2013 The Chairmen/CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Foreign students studying in India KYC procedure for opening of bank accounts It has been represented to us that foreign students arriving in India are facing difficulties in complying with the… Read More

Tags: BankCommercial bankIndiaInternational studentKnow Your CustomerKYCNRO

RBI Update w.r.t. Recognising on-line Aadhaar authentication to be accepted as an ˜Officially Valid Document™ under PML Rules

RBI/2013-14/209 DBOD.AML.BC.No.44/14.01.001/2013-14 September 2, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 e-KYC Service of UIDAI Recognising… Read More

Tags: AadhaarIndiaKnow Your CustomerKYCmoney launderingTerrorism financingUIDAIUnique Identification Authority of India

Aadhaar Card as Address Proof

Reserve Bank of India (RBI) has notified that the Aadhaar Card is a valid proof for opening of a bank account under the Know Your Customer (KYC) scheme. RBI vide its circular dated 28.09.2011 has advised banks to accept the Aadhar letter issued by Unique Identification Authority of India (UIDAI) as an officially valid document… Read More

Tags: IndiaKnow Your CustomerLiquefied petroleum gasLok SabhaReserve Bank of IndiaRun batted inUnique Identification Authority of India

Simplifying Norms for Periodical Updation of KYC for Urban Cooperative Banks

RBI/2013-14/167 UBD.BPD (PCB) Cir. No. 2 /14.01.062/2013-14 July 31, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir, Know Your Customer (KYC)/Anti Money Laundering (AML) Standards/Combating Financing of Terrorism (CFT)/ Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 Simplifying norms for Periodical Updation of KYC - Primary (Urban) Co-operative… Read More

Tags: Acute myeloid leukemiaanti money launderingBankKnow Your CustomerKYCModern Language Associationmoney launderingPrevention of Money Laundering Act 2002

RRBs/StCBs/DCCBs – Simplifying Norms for Periodical Updation of KYC

RBI/2013-14/161 RPCD.RRB.RCB.BC.No.84/07.51.018/2013-14 July 25, 2013 The Chairmen / CEOs of all Regional Rural Banks / State and Central Co-operative Banks Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 - Simplifying norms for Periodical Updation of KYC… Read More

Tags: Acute myeloid leukemiaAMLBankKnow Your CustomerKYCmoney launderingPrevention of Money Laundering Act 2002Terrorism financing

Simplifying norms for Periodical Updation of KYC

RBI/2013-14/150 DBOD.AML.BC. No. 34/14.01.001/2013-14 July 23, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 - Simplifying norms… Read More

Tags: BankCommercial bankIndiaKnow Your CustomerKYCmoney launderingTerrorism financing

Know Your Customer Norms/Anti-Money Laundering Standards/Combating of Financing of Terrorism/Obligations under PMLA, 2002

RBI/2013-14/135 DBOD.AML.BC.No.29 /14.01.001/2013-14 July 12, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligations under Prevention of Money Laundering Act (PMLA), 2002 We invite a reference to paragraph 89 (extracts… Read More

Tags: BankCommercial bankKnow Your CustomerMaster CircularModern Language Associationmoney launderingPrevention of Money Laundering Act 2002Terrorism financing

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