Page 3 - Kyc

Now, make central KYC registry fully operational

When you change your address or carry out any other KYC formality with one entity (say, your bank), this information should spread to ­all entities

Sebi notifies KRA rules; mandates audit trails of client's KYC records

The markets regulator has notified new norms to make them responsible to carry out independent validation of the KYC records uploaded onto their system by the Registered Intermediary (RI).

RBI extends deadline for periodic KYC update to March 31, 2022

The central bank had relaxed the rules first in May last year due to the pandemic

Aadhaar linkage to demat KYC: Finish these compliance tasks before Dec 31

Failure to do so could result in penalties or lead to hassles later in financial planning

Indian Bank launches video KYC facility enabled by VCIP technology

The Video KYC facility further simplifies the subsequent steps and would deliver the cheque book and ATM card to the registered address of a customer

How to safeguard yourself from financial frauds, online and offline

Cyber Crime: There's very little you can do at your end, apart from being more vigilant. But certain things that you should do can make a lot of difference

Reserve Bank of India cautions against frauds in the name of KYC updation

The central bank has been receiving complaints about customers falling prey to frauds being perpetrated in the name of KYC updation.

CoWIN launches new API 'Know Your Customer's/Client's Vaccination Status'

The Co-WIN portal has developed a new API called 'Know Your Customer's/Client's Vaccination Status', the Union health ministry said on Friday.

Sebi gives more time to brokers, clearing members to comply with rules

The watchdog has also given time till December 31 to brokers for operating the trading terminals from designated alternate locations

Sebi gives foreign investors more time to furnish contact, income details

The regulator is also meeting custodians this week to thrash out a solution and address investors' concerns

Full KYC PPIs have to enable interoperability by March 31, 2022: RBI

Customers of full KYC-compliant PPIs issued by non-bank PPI issuers can withdraw a maximum of Rs 2,000 per transaction and Rs 10,000 per month per PPI

NBFCs are key to reaching underserved segments

Most small borrowers don't have other standard KYC documents and hence Aadhaar authentication becomes critical

E-wallets are similar to bank accounts, but more convenient: Experts

Will help those who can't ensure minimum balance

MobiKwik denies KYC breach of 3.5 mn users amid IPO plans, says data 'safe'

According to the researchers, the entire database is available for 1.5 Bitcoin (nearly $84,000) on the Dark Web

Sebi extends Central KYC Registry to legal entities

Sebi on Wednesday asked regulated entities to upload 'Know Your Customer' data pertaining to accounts of legal entities opened on or after April 1, onto the Central KYC Registry

KYC norms hindering financial penetration

CKYC is failing to have the desired impact due to lack of clear directions from the regulators, and lack of connectivity between the stakeholders and the repository

Video KYC: Private banks hit the ground the running, while PSBs lag

Contactless identification could be a gamechanger in the post-Covid world

KYC must for cash purchase of jewellery above Rs 10 lakh, govt clarifies

Govt carified that any purchase of gold, silver, jewellery, or precious gems and stones below Rs 2 lakh does not require PAN or Aadhaar of a customer as mandatory KYC document

Irdai urges use of video KYC with geo-tagging, live photo of customer

In January this year, RBI had allowed banks and NBFCs to complete full KYC remotely. A number of banks have rolled out this service since the RBI's nod

Sebi relaxes guidelines for investment through non-FATF countries

Move to benefit investors from countries and regions like Mauritius, Cayman Islands who are eyeing Category-I licence