RBI Clarification on KYC Norms for Cross Border Inward Remittance under MTSS

RBI has issued a circular to clarify that in order to ease the burden on the prospective customers in complying with KYC requirements for doing money transfer activities under the Money Transfer Service Scheme, it has now been decided that: If the address on the document submitted for identity proof by the prospective customer is… Read More

Tags: KYC, MTSS, PMLA, rbi