Sunday, 29 July 2018

Financial Intelligence Unit – India (FIU-IND)

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Financial Intelligence Unit – India (FIU-IND) Financial Intelligence Unit – India (FIU-IND) was set by the Government of India in 2004 as...

KYC AML Terms

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AML Anti-Money Laundering BM Branch Manager BDD Basic Due Diligence CAP Customer Acceptance Program CBI Central Bureau of Investigation...
Saturday, 28 July 2018

Official valid documents full details along with RBI amended circuler number

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The Reserve Bank of India (RBI) has made linking of national biometric ID Aadhaar to bank accounts mandatory as part of it's updated ...

General banking bits

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General banking  bits 1. A customer Mr Sharma had credit balance 40,000 in his saving ac and also had an OD ac with overdue Debit balanc...

Partnership,Companies TDS related bits

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Partnership 1. A document was executed by three partners in different dates. When shall the limitation period start?: The limitation peri...

QUESTION BANK ON DEPOSITS & MISC.

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1) To open account for close relatives of low risk customers e.g. wife, son, daughter and parents etc. who live with their husband, fathe...

KYC AML RECOLLECTED

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KYC AML 1. Cash receipt or cash payment of more than Rs 10 lakh are reported to FIU on CTR statement which should be sent to FIU with...

CENTRAL KYC RECORDS REGISTRY (CKYCR) TEMPLATE FOR KYC & REPORTING REQUIREMENTS UNDER FOREIGN ACCOUNT TAX COMPLIANCE ACT (FATCA)/ COMMONREPORTING STANDARDS (CRS)

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OPERATIONALISATION OF CENTRAL KYC REGISTRY (CKYCR) AND KYC NORMS FOR FOREIGN PORTFOLIO INVESTORS (FPIS) RBI has made (July 8, 2016) the f...

Documents needed for verification of various types of clients:

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Documents needed for verification of various types of clients: 1. individuals: (a) One certified copy of an 'officially valid documen...

Customer Identification Requirements – Indicative Guidelines

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Trust/Nominee or Fiduciary Accounts There exists the possibility that trust/nominee or fiduciary accounts can be used to circumvent the ...

Classification of risk under customer acceptance policy

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The risk to the customer shall be assigned on the following basis:  i. Low Risk (Level I): Individuals (other than High Net Worth) a...

Master Circular on Know Your Customer (KYC)

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Master Circular on Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating Financing of Terrorism (CFT)/Obligation ...

Types of risks

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Major Types of Risks Operational Risk human errors, technical faults, infrastructure breakdown, faulty systems and procedures or lack of...