https://www.taxtmi.com/news?id=27735 Acquiring banks must perform Due Diligence on AePS touchpoint operators per the prescribed Customer Due Diligence procedures, update KYC after six months of dormancy before re-enablement, and ensure each operator is onboarded by only one acquiring bank. Banks must apply risk-based ongoing monitoring, set transaction limits by risk profile, and ensure transactions align with location and risk; all participants must adhere to system-provider rules and implement these measures within the compliance timeframe. en-us Wed, 31 Jul 2024 17:18:38 +0530 Wed, 11 Feb 2026 16:00:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27735 Acquiring banks must perform Due Diligence on AePS touchpoint operators per the prescribed Customer Due Diligence procedures, update KYC after six months of dormancy before re-enablement, and ensure each operator is onboarded by only one acquiring bank. Banks must apply risk-based ongoing monitoring, set transaction limits by risk profile, and ensure transactions align with location and risk; all participants must adhere to system-provider rules and implement these measures within the compliance timeframe. News - Wed, 31 Jul 2024 17:18:38 +0530 https://www.taxtmi.com/news?id=27735