Free Demo

RBI Notifications

RBI/DBR/2015-16/18

DBR.AML.BC.No.81/14.01.001/2015-16

February 25, 2016

Know Your Customer (KYC) Direction, 2016

In terms of the provisions of Prevention of Money-Laundering Act, 2002 and the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005, Regulated Entities (REs) are required to follow certain customer identification procedure while undertaking a transaction either by establishing an account based relationship or otherwise and monitor their transactions. Accordingly, in exercise of the powers conferred by Sections 35 A of the Banking Regulation Act, 1949 and the Banking Regulation Act (AACS), 1949, read with Section 56 of the Act ibid and Rule 9(14) of Prevention of Money-Laundering (Maintenance of Records) Rules, 2005 the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest to do so, hereby, issues the Directions hereinafter specified.

High-volume of Loyal and Trusted Customers!

We feel pride in offering our customers the wide range of products of the top leading brands of the world.

Fill Your Requirements of Import Export Data and Get Free Sample Report

We do not provide any assistance directly selling or Buying any product.

Top