Masking KYC Identifier in CKYCRR
This is regarding the introduction of CKYC reference ID and the masking of the KYC identifier in CKYCRR responses.
Category: CKYC
Amendment to Master Direction – KYC Direction, 2016
Amendment to the Master Direction – Know Your Customer (KYC) Direction, 2016 Please refer to the Master Direction – Know Your Customer (KYC) Direction, 2016 dated February 25, 2016, as amended from time to time, in terms of which Regulated Entities (REs) have to undertake Customer Due Diligence (CDD), as per the process laid out […]
MoF (DoR) Gazette of India- PMLA Amendment CKYC Update Notification
In exercise of the powers conferred by section 73 read with sections 11A and 12AA of the Prevention of Money-laundering Act, 2002, the Central Government hereby makes the following rules further to amend the Prevention of Money-laundering (Maintenance of Records) Rules, 2005.
Uploading of KYC information by KYC Registration Agencies (KRAs) to Central KYC Records Registry (CKYCRR)
The KYC record of a client is uploaded on the system of KRAs by the intermediaries performing client due diligence as per the provisions of SEBI KRA Regulations, 2011. Additionally, the KYC information is uploaded on CKYCRR by the intermediaries in terms of SEBI master circular SEBI/HO/MIRSD/SECFATF/P/CIR/2023/169 dated Oct 12, 2023 on KYC norms in […]
RBI Circular- Amendment to the Master Direction (MD) on KYC
Please refer to the Master Direction (MD) on KYC dated February 25, 2016, as amended from time to time, in terms of which Regulated Entities (REs) have to undertake Customer Due Diligence (CDD), as per the process laid out therein, for their customers.
Periodic Updation of CKYC Details of Customers
The Reserve Bank has, from time to time, taken measures to rationalise the KYC related instructions taking into account the available technological options for enhancing customers’ convenience within the framework prescribed under the Prevention of Money Laundering Act, 2002 (PMLA) and rules framed thereunder.
Master Guidelines on Anti-Money Laundering/ Counter Financing of Terrorism (AML/CFT), 2022
IRDAI had issued Master Guidelines on AML/CFT for General insurers and Life insurers in 2013 and 2015 respectively. Subsequently, multiple circulars had been issued on the subject.
Upload of KYC records of Self-Help Groups (SHGs) and Joint Liability Groups (JLGs) to CKYCRR
CKYC Communique exempts the reporting entities from uploading Self Help Groups (SHGs) and Joint Liability Groups (JLGs) related KYC records to CKYCR
Exemption from PML Rules for FPI related upload to CKYCRR
CKYC Communique exempts the reporting entities from uploading Foreign Portfolio Investor’s related KYC records to CKYCR.
KYC Identifier Intimation / Notification
CKYC Communique necessitates all the reporting entities to issue a KYC Identifier to each client in a written format and specifies a format to be followed for the same.