https://www.taxtmi.com/notifications?id=119720 The amendment establishes a Central KYC Records Registry to receive, de-duplicate, store and retrieve electronic KYC records and to issue a unique KYC Identifier to each client. Reporting entities must file KYC records with the Registry shortly after commencing account relationships; when presented with a KYC Identifier they shall retrieve records online and not demand duplicate documents except where client information has changed, address verification is required, or enhanced due diligence is necessary. The entity performing the last verification must verify identity/address and update the Registry, which will notify other reporting entities. en-us Tue, 07 Jul 2015 00:00:00 +0530 Thu, 24 Nov 2016 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119720 The amendment establishes a Central KYC Records Registry to receive, de-duplicate, store and retrieve electronic KYC records and to issue a unique KYC Identifier to each client. Reporting entities must file KYC records with the Registry shortly after commencing account relationships; when presented with a KYC Identifier they shall retrieve records online and not demand duplicate documents except where client information has changed, address verification is required, or enhanced due diligence is necessary. The entity performing the last verification must verify identity/address and update the Registry, which will notify other reporting entities. Notifications Money Laundering Tue, 07 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119720