Aadhaar is a unique identification number assigned to residents of India by the Unique Identification Authority of India (UIDAI). It serves as a proof of identity and address and is a 12-digit number that is linked to a resident’s biometric data. The use of Aadhaar is becoming increasingly prevalent, and it is now being used […]
Submitting Aadhaar Number Voluntarily: A Step-by-Step Guide Read More »
[et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″][et_pb_text admin_label=”Text”] KYC (Know Your Customer) is a critical component in the financial sector as it helps prevent money laundering and terrorist financing. Reporting entities, such as banking institutions, financial institutions, intermediaries, and others, must follow specific obligations regarding the maintenance of KYC records. However, it’s essential to understand the
The Dos and Don’ts of Using KYC Records for Reporting Entities Read More »
As the world becomes more interconnected, financial institutions and intermediaries face increasingly complex challenges to prevent money laundering, terrorist financing and other forms of financial crimes. To combat these crimes, governments around the world have introduced laws and regulations that require financial institutions to perform customer due diligence (CDD). Central KYC Records Registry is a
The Role of Central KYC Records Registry in Customer Due Diligence Read More »
