TaxTMI 
TaxTMI 
Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/ Obligation of Authorised Persons under Prevention of Money Laundering Act (PMLA), 2002 – Money Transfer Service Scheme – Recognising E-Aadhaar as an ‘Officeally Valid Document’ under PML Rules
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....r Service Scheme - Recognising E-Aadhaar as an 'Officeally Valid Document' under PML Rules Attention of Authorised Persons, who are Indian Agents under MTSS (Indian Agents), is invited to Annex II of our A.P. (DIR Series) Circular No.18 [A.P. (FL/RL Series) Circular No.05] dated November 27, 2009 on the captioned subject, as amended from time to time. Annex-II of the above mentioned circular lists officially valid documents for customer identification. 2. Indian Agents are advised that physical Aadhaar card/ letter issued by the Unique Identification Authority of India (UIDAI) containing details of name, address and Aadhaar number may be accepted as an 'Officially Valid Document'. If the address provided by the customer is same as that on....
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....d document subject to the following: a) If the prospective customer knows only his/her Aadhaar number, the Indian Agent may print the prospective customer's e-Aadhaar letter directly from the UIDAI portal; or adopt e-KYC procedure as mentioned in the para 3 above. b) If the prospective customer carries a copy of the e-Aadhaar downloaded elsewhere, the Indian Agent may print the prospective customer's e-Aadhaar letter directly from the UIDAI portal; or adopt e-KYC procedure as mentioned in the para 3 above; or confirm identity and address of the resident through simple authentication service of UIDAI. 6. The directions contained in this Circular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act,....
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....Agent to Indian Agent. 4. Define a procedure for obtaining customer authorization to UIDAI for sharing e-KYC data with the Indian Agent. This authorization can be in physical (by way of a written explicit consent authorising UIDAI to share his/her Aadhaar data with the Indian Agent/ Sub-Agent for the purpose of receiving foreign inward remittance) /electronic form as defined by UIDAI from time to time. 5. Sample process flow would be as follows: * Customer walks into CSP of an Indian Agent with his/her 12-digit Aadhaar number and explicit consent and requests to receive foreign inward remittance with Aadhaar based e-KYC. * Representative of the Indian Agent manning the CSP enters the number into the e-KYC application software of the I....