https://www.taxtmi.com/circulars?id=69000 Banks must maintain a board approved KYC/AML/CFT programme applying a risk based approach: adopt Customer Acceptance Policy, Customer Identification Procedures, ongoing transaction monitoring and record preservation; apply enhanced due diligence for higher risk customers (including PEPs, trusts, non face to face and non resident clients); file timely CTRs, STRs and CCRs to FIU IND; appoint a Principal Officer for monitoring and liaison; ensure wire transfers carry full originator information; screen and freeze accounts per UAPA/UN designated lists and preserve records for ten years. en-us Mon, 02 Jul 2012 00:00:00 +0530 Mon, 01 Dec 2025 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69000 Banks must maintain a board approved KYC/AML/CFT programme applying a risk based approach: adopt Customer Acceptance Policy, Customer Identification Procedures, ongoing transaction monitoring and record preservation; apply enhanced due diligence for higher risk customers (including PEPs, trusts, non face to face and non resident clients); file timely CTRs, STRs and CCRs to FIU IND; appoint a Principal Officer for monitoring and liaison; ensure wire transfers carry full originator information; screen and freeze accounts per UAPA/UN designated lists and preserve records for ten years. Circulars RBI Mon, 02 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69000