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  • Regulations

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    shashank gontia
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    Regulators mandate Know Your Customer (KYC) verification for several key sectors including telecom, payments, trading, and funds/asset management to comply with regulations. These sectors handling personal customer data and financial transactions must perform identity verification and monitor transactions. KYC helps fight financial crimes like money laundering and terrorism financing by verifying the identity of customers.

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    Regulators mandate Know Your Customer (KYC) verification for several key sectors including telecom, payments, trading, and funds/asset management to comply with regulations. These sectors handling personal customer data and financial transactions must perform identity verification and monitor transactions. KYC helps fight financial crimes like money laundering and terrorism financing by verifying the identity of customers.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    6 views1 page

    Regulations

    Uploaded by

    shashank gontia
    Regulators mandate Know Your Customer (KYC) verification for several key sectors including telecom, payments, trading, and funds/asset management to comply with regulations. These sectors handling personal customer data and financial transactions must perform identity verification and monitor transactions. KYC helps fight financial crimes like money laundering and terrorism financing by verifying the identity of customers.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    1.

    Sectors that require KYC as mandated by regulators:


    a. Telecom Industry
    b. Payments
    c. Trading
    d. Management/Funds

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