https://www.taxtmi.com/circulars?id=69001 Know Your Customer (KYC) Direction, 2016 mandates board approved KYC/AML/CFT policies for all RBI regulated entities, prescribes definitions, CDD/CIP requirements including beneficial owner identification, a risk based approach with customer risk categorisation and periodic KYC updation, and authorises Digital KYC, Aadhaar e KYC and V CIP subject to technical and security standards. REs must upload KYC records to CKYCR, retain transaction/identification records, file STR/CTR with FIU IND, screen daily against sanctions lists and implement wire transfer information requirements, with enhanced due diligence for high risk customers and specified procedures for small accounts and simplified onboarding. en-us Thu, 25 Feb 2016 00:00:00 +0530 Mon, 08 Dec 2025 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69001 Know Your Customer (KYC) Direction, 2016 mandates board approved KYC/AML/CFT policies for all RBI regulated entities, prescribes definitions, CDD/CIP requirements including beneficial owner identification, a risk based approach with customer risk categorisation and periodic KYC updation, and authorises Digital KYC, Aadhaar e KYC and V CIP subject to technical and security standards. REs must upload KYC records to CKYCR, retain transaction/identification records, file STR/CTR with FIU IND, screen daily against sanctions lists and implement wire transfer information requirements, with enhanced due diligence for high risk customers and specified procedures for small accounts and simplified onboarding. Circulars RBI Thu, 25 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69001