Kyc aml terms

Kyc aml terms

AML Anti-Money Laundering

BM Branch Manager

BDD Basic Due Diligence

CAP Customer Acceptance Program

CBI Central Bureau of Investigation

CBS Core Banking Solution

CCR Counterfeit Currency Report

CRCM Customer Risk Categorisation Model

CDD Customer Due Diligence

CIP Customer Identification Program

CRO Customer Relationship Officer

CTR Cash Transaction Report

DCCB District Central Cooperative Bank

EDD Enhanced Due Diligence

FATF Financial Action Task Force

FIU-IND Financial Intelligence Unit - India

HNI High Net Worth Individual

HUF Hindu Undivided Family

IBA Indian Banks’ Association

KYC Know Your Customer

ML Money Laundering

NRI Non-Resident Indian

PACS Primary Agricultural Cooperative Societies

PEP Politically Exposed Person

PIO Person of Indian Origin

PMLA Prevention of Money Laundering Act 2002

PMLR Prevention of Money Laundering Rules 2005

PO Principal Officer

RBI Reserve Bank of India

RRB Regional Rural Banks

NABARD National Bank for Agriculture and Rural Development

NAFSCOB National Federation of State Cooperative Banks

NRI Non Resident Indian

NSDL National Securities Depository Limited

NTR Non-Profit Organisation Transaction Reports

SA Staff Assistant

SCB State Cooperative Banks

SDD Simplified Due Diligence

STR Suspicious Transaction Report

UAPA Unlawful Activities Prevention Act

UN United Nations

UNSCR United Nation Security Council Resolution