European anti-money laundering legislation means customers and businesses are required to provide potentially sensitive documentation to prove their identities. But how safe are the methods of sharing ...

The originals of these documents along with a copy each to be presented and the original will be returned after verification. Alternatively, investors can also provide an attested true copy of the ...

In any loan, the documentation forms an important part. The documents are required to establish the borrower’s identity, assess their creditworthiness, and for other purposes. In a personal loan, ...

The know-your-customer (KYC) process by financial entities is to authenticate a client's identity and address prior to allowing them access to offerings such as banking, insurance, mutual funds, and ...

Reserve Bank of India on Thursday said fresh KYC process can be done by visiting bank branch or remotely through Video Based Customer Identification Process. As per the present guidelines, if there is ...

Bank account holders are no longer required to visit their bank branches to update 'know your customer' (KYC) details provided they have already submitted valid documents and not changed their address ...

The Reserve Bank of India (RBI), while taking measures to rationalise KYC-related instructions within the framework prescribed under the Prevention of Money Laundering Act, 2002 (PMLA) and rules ...