1 Passport Y Y 2 Driving License Y Y 3 Voter's Identity Card issued by Election Commission of India Y Y 4 Proof of possession of Aadhaar Number Y Y 5 Job card issued by NREGA duly signed by the officer of the State Government Y Y 6 Letter issued by the National Population Register containing details of name, address. Y Y Research on Know Your Customer (KYC) Prof. Venkatesh U. Rajput M.Com., MBA., NET, JRF, Chetan Business School, Institute of Management and Research, Hubli I. INTRODUCTION now Your Customer (KYC) is the due diligence and bank regulation that financial institutions and other regulated KYC procedures also enable banks to know/understand their customers and their financial dealings better which in turn help them manage their risks prudently. 4 key elements of KYC policies 1) Customer Acceptance Policy; 2) Customer Identification Procedures; 3) Monitoring of Transactions; and 4) Risk management. 8. KYC/ AML/ CFT Norms: Jaiib and Caiib. 10/02/2020. KYC/ AML/ CFT Norms. Know Your Customer (KYC) Norms, Anti Money Laundering (AML) and Countering the Terrorist Financing (CTF) ♦ Anti- Money Laundering (PMLA Act 2002) Stages of Money laundering. Know your Customer. Buy Online Mock Tests for Jaiib & Caiib Exams. Jaiib Study Material PDF. Author: yaderyvm [ COF2PC1 ] Created Date: 11/3/2014 2:50:10 PM (1) Investors should submit a copy of the instruction to the bank containing the account number debited for the remittance. c. Payments via Demand Drafts (1) Investors should submit a certificate from the Issuing banker, stating the account holder‟s name and the account number which has been debited for issue of the instrument. The KYC norms were made compulsory with the sole objective to limit money laundering and terrorist financing activities. The RBI asked the banks to adopt the following KYC norms for new as well as existing accounts: Public notices were published in the newspapers Identification was made mandatory for all the zonal customers What are KYC norms? 1 min read . Updated: 25 Feb 2020, 09:26 PM IST Neil Borate. It involves verification of the individual's identity, address and other key details. Periodical updating. As per RBI guidelines KYC review has to be conducted periodically based on the risk category of the customer, and hence we have introduced a system for periodical updating of Identity proof, Address proof, Photograph and Profile. Customers may be required to submit the documents/details as and when called for at frequent Know Your Customer(KYC) Dear Customer, As per the guidelines of IRDA's Anti-Money Laundering KYC norms for the claim payments is mandatory for the claimed amount of above 1Lac.Hence we kindly request you to please fill the below details and provide: ID proof /Address Proof and cancelled cheque mandatorily. 1 Name of the customer 2 Address Features to be verified and documents that may be obtained from customers Features Documents These accounts would be valid normally for a period of Objective of Concurrent Audit in Bank y To ensure compliance of laid down systems and procedures. y To examine books of accounts, records and registers to ensure that they are maintained in accordance with the prescribed systems. y To ensure adequate measures are being taken in advance to prevent future frauds, etc., to avoid difficulties, which may Objective of Concurrent Audit in Bank y To ensure compliance of laid down systems and procedures. y To examine books of accounts, records and registers to ensure that they are maintained in