Friday, 22 June 2018

KYC AML: PRINCIPAL OFFICER DUTIES::

KYC AML:

PRINCIPAL OFFICER DUTIES::

Overall monitoring of the implementation of the Bank‘s KYC/AML/CFT policy

Monitoring and reporting of transactions, and sharing of information, as required under the law

Interaction with MLROs in Business Groups/SBUs for ensuring full compliance with the Policy

Timely submission of Cash Transaction Reports (CTRs), Suspicious Transaction Reports (STRs),Counterfeit Currency Reports (CCRs) and Non Profit Organisation Transaction Report (NTRs) to FIU-IND

Maintaining liaison with the law enforcement agencies, banks and other institutions which are involved in the fight against Money Laundering and Combating Financing of Terrorism

Ensuring submission of periodical reports to the Top Management/Board

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