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Know Your Customer
As per the Prevention of Money Laundering Act (PMLA), 2002, a reporting entity is required to conduct KYC verification of the customers and maintain their records
 "Crypto under PMLA: CoinDCX registers itself as reporting entity with FIU")
To avail of the benefits under PM KISAN Yojana, the farmer family must present the required documents before the state government
 "PM KISAN Yojana: List of documents required to receive the 12th installment")
Under PM KISAN Yojana, the payment is done in the form of three equal installments of Rs 2,000 each. But to avail of the benefits, the farmers need to get themselves registered under the scheme
 "PM Kisan Yojana: How to know your registration number to avail of benefits")
The latest findings by the federal agency have come to light during its ongoing probe into forex violation by at least 11 crypto exchanges
 "India's crypto exchanges flouted KYC, money laundering norms: ED")
Crypto will pave the way for Web 3.0, a new internet that is open and shared, says CoinSwitch CEO Ashish Singhal
 "We ensure that crypto transactions are in the KYC framework: CoinSwitch CEO")
Separately, the central bank has imposed a penalty of Rs 25 lakh on The Haryana State Co-operative Apex Bank, Chandigarh for contraventions with RBI directions on housing finance
 "RBI imposes Rs 1.12 cr penalty on Bank of Maharashtra for non-compliance")