Know Your Customer
Crypto under PMLA: CoinDCX registers itself as reporting entity with FIU
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")
PM KISAN Yojana: List of documents required to receive the 12th installment
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")
PM Kisan Yojana: How to know your registration number to avail of benefits
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")
India's crypto exchanges flouted KYC, money laundering norms: ED
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")
We ensure that crypto transactions are in the KYC framework: CoinSwitch CEO
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")
RBI imposes Rs 1.12 cr penalty on Bank of Maharashtra for non-compliance
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")
'Know Your Customer' data upload: Foreign investors seek exemption
The RBI had in December said that all regulated entities have to upload 'Know Your Customer' data pertaining to the accounts of legal entities opened on or after April 1, 2021
 "'Know Your Customer' data upload: Foreign investors seek exemption")
PoA optional for opening of client account by stockbrokers or DP: Sebi
Sebi also specified the activities the stockbrokers will not be allowed to carry out using PoA
 "PoA optional for opening of client account by stockbrokers or DP: Sebi")
Over 100,000 scanned ID copies of Indians put on dark net for sale: Cyble
According to a report by cyber intelligence firm Cyble, the leaked data seems to have originated from a third party and not from the government system.
 "Over 100,000 scanned ID copies of Indians put on dark net for sale: Cyble")
Financial firms can now save cost through video KYC; data concerns galore
V-KYC will also prevent confusion and issues later; you will only need to fill in the online form on your lender's website or app to apply for opening an account or for a loan
 "Financial firms can now save cost through video KYC; data concerns galore")
BS Banking Annual 2019: Banking is a very long-term biz, says USFB chief
Becoming a bank has given us more strength, says Jana SFB MD & CEO Ajay Kanwal
 "BS Banking Annual 2019: Banking is a very long-term biz, says USFB chief")
RBI slaps Rs 1.75-crore penalty on Indian Bank for non-compliance
The non-compliance included the opening of savings bank accounts of a co-operative society and non-adherence with directions on KYC
 "RBI slaps Rs 1.75-crore penalty on Indian Bank for non-compliance")
Centralised KYC system to make life easier
Unique number allotted after the process can be used to open accounts in other financial institutions
 "Centralised KYC system to make life easier")
