11-09-2013
RBI Clarification W.r.t KYC Procedure Under Prevention Of Money Laundering Act
RBI has issued guidelines Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 – e-KYC Service of UIDAI – Recognising on-line Aadhaar authentication (electronic verification process) to be accepted as an ‘Officially Valid Document’ under PML Rules.
SOURCE: www.corporatelawreporter.com
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