ASSTGNMENT

NemE Oe The S ECTS

NAme
Name Or THeTopic Know Nour
u s tomer nutdelf nes.

NAMe RP. Souwm YeN

DPT C o m eQD
Roll NO D eBIObt
OATe Dlol 2021
 ONTENTS

wTRSoue120N.

Y C DeF N ON.

Yc Req ut TemenYS.

Pinciple O CustomeY Cucaeliès

ObTechi ves O uomer autale Rnes.

StafF lonuo men

Conclus ion
 NTR0DUCILON

KYC CKnouD Your CusiomTs today

Sais ying and n i t icant elemene
in aatnSt inanca
CWgnt
Crime ano nanctal C*ime
anc Money loundering. and CuttomoY
Iclent FRca ton is e most Critica
aspect the
bettor Pe rfoY m D
Stages Otme roCOSS.

Tne Cobal onti - money launclerig

CAL oned Countering he incaneing

O rroni&m CCeTD landls ca pe
raise r e m ndous Stakes oT
ACncral DSHtutfon.

nhenoionel equloAtto ns
inFwencod lo SFanolcqrcl ke The
Financtal actton TOSA Force
LFATFJ p e m e n Eed
encompaSS¢ng
otromo oiroct Ues k e AML 4ahdl
5. anc (preven>tve w e asudPS ltke
Yc For tont olent CaEton
KVC DEFTTTAON ANENO

estomer
KYCmeams Knowour
On Some kimes uow
our ClientKyc O y c Chec
te Man oAat Oy Procoss ©
deni in nd
veriftng he
Cien S o e n i when Openin
OcCOvnE peri@cl t¢al ovO
ime
wOrclS bumkS must
|makRe ure tnot hetr Qtten
Ore enuinely wno
CLetm
may retue o Opon
an O alt a ous (noss
Retcionshtp the
minbmum Y requtYemoh

Ky C Rocay utve t0ents

o pen n K
Accout One neol +o Submlt an
APDLAR enolment hu
PAM obor n
are?
e
Proot
Proot of add ress o etos tth
recent phOk OTuph
PeTNODteS O ucTOmRD Cutd ettn ".

he KyC OrOteSS UOctudles

Cumol voni ftcaton Face
vEYiccarton CocumonE vertcaon
Suth
Proot O
vericaton.
Bonlks must Com y wit
KYC vegutorOnS and ant- m0neu
Regulavions 0 imiLrauol
YC Comptiance mespongiblt+
limlt mad yc CompTance
Tests wit banS.

6 ComponovntS Of YC
S CTP- CustomeY ccoance poKeg.
CoD CuttomeY
D o e dune
OT moniFony r a nS actionS.
CIP Ccustormey ACCePHancePoryJ
V.C1P is OFenOatîUe
CuStomOY toentteTCao
hrs Eha CustomerS c
de o IS Ore upolatec). aholer
CTD kye olelarls are OSeN focta
ecdoDitton utmOrtseo
requllea Qntty.
CDOCCuso meY Due Detgonce
Our polictes are
DD
he COner Ones t an ectechve
AmL IcTF prorom p u Stmoty
they per toTmina
bocKTOUno ChOcS On n e CuJtomo
o enSure thalt n e Ore proporiy
riSe assestad betor beina
nboard ecl.

MOT MonitoringOe van saction)

ranSacton Monit 0ving t'S a

Ome SOgmototany banerS
Ant Moneuy launole rina CAML
PrograUn Tran SaCHion monttori na
Sugte om Uendo
Such a

OOCe AML C mantas) Ntce ACimi2e,

SAL,AML, PO ae Sot ap to

CusomO
ActiuiLo
 he KYe Cow Your Customer i8 ove
Yequlcations
he oanks and oFherinoocia
wStituibve awe reuired o parovm
o idevtiE) their Cutto mors S
dove in Ordor o Obeoin
their Crony
eleyont ntormoarion betore enterVD
nto doirg o financ ie lbuLiness oith
vem

Moveu ouneloring os uickty Ome

eCOme
o rousing Fhroat to lbon king inoustry
n o n t y poes a Sertous tssues
to h e inHegitu t he conomie
tem but olso Fhe Fiave
AUn &afey Ot e tal tabilit
Casfomens
n ndta tte PMALA
Mone end in CReUoutibn st tR
206
Act) o pasec tn
ancl hashas
e RT inaneOl
lbeen in line wihh
Pe ComensloiDnS Pcton TALt roe
l 2oOA.
 CoweS s lbstu Compvone nstuely Sensita
aDout oceatmene n d bpdated
no S Such O oe tove 200
t e ones hotoa
CustomO idenaifice
ion procos or he Openina ©

acconts o d onitOring a the

tron SacttorS aim

eport
uthOYttes.

o engure apPopviate CueOmer

icentiGtCation ane Umonibor
tranSackioms O Suspictou hature,

TANF A MENT
he uidoinos ae issued
ettiom eanvin
Act
onthowontiov ot tne Same wil\
ttMaC Dena littog ne
he ct
 R
KBI has ee CCulation lst
enities n o e e d oy
ve Qovenment o n o ra to
So hat oumyss may exeYCTS
Cott0n Qny transaC1on is
deteted si Such

oNCLUSTON,

an impor\oDt PrOCeIS
tha onoures
ransacibns ans pu rCha&eS ave
totinmate uOKie Gelpinq Curb
toanciol ooneu nol
money laundering . Tre vOCeSS t3
Ox OTEly Stmpl oaieie h a l
manda tOyg
Euaitong.