Page 2 - Know Your Customer
'Know Your Customer' data upload: Foreign investors seek exemption
The RBI had in December said that all regulated entities have to upload 'Know Your Customer' data pertaining to the accounts of legal entities opened on or after April 1, 2021
 "'Know Your Customer' data upload: Foreign investors seek exemption")
PoA optional for opening of client account by stockbrokers or DP: Sebi
Sebi also specified the activities the stockbrokers will not be allowed to carry out using PoA
 "PoA optional for opening of client account by stockbrokers or DP: Sebi")
Over 100,000 scanned ID copies of Indians put on dark net for sale: Cyble
According to a report by cyber intelligence firm Cyble, the leaked data seems to have originated from a third party and not from the government system.
 "Over 100,000 scanned ID copies of Indians put on dark net for sale: Cyble")
Financial firms can now save cost through video KYC; data concerns galore
V-KYC will also prevent confusion and issues later; you will only need to fill in the online form on your lender's website or app to apply for opening an account or for a loan
 "Financial firms can now save cost through video KYC; data concerns galore")
BS Banking Annual 2019: Banking is a very long-term biz, says USFB chief
Becoming a bank has given us more strength, says Jana SFB MD & CEO Ajay Kanwal
 "BS Banking Annual 2019: Banking is a very long-term biz, says USFB chief")
RBI slaps Rs 1.75-crore penalty on Indian Bank for non-compliance
The non-compliance included the opening of savings bank accounts of a co-operative society and non-adherence with directions on KYC
 "RBI slaps Rs 1.75-crore penalty on Indian Bank for non-compliance")
Centralised KYC system to make life easier
Unique number allotted after the process can be used to open accounts in other financial institutions
 "Centralised KYC system to make life easier")
