Functions and obligations of the Central KYC Records Registry.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Money-laundering (Maintenance of Records) Amendment Rules, 2015 set-up a Central KYC Records Registry having its own seal for the purpose of receiving, storing, safeguarding and retrieving electronic copies of KYC records obtained by the reporting entities from their clients in accordance with these rules. ^3[Provided that in an International Financial Services Centre, no such receiving, stori....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e place; (d) shall cause an annual audit of its controls, systems, procedures and safeguards and shall undertake corrective actions for deficiencies, if any; (e) shall provide information only to the reporting entities which are registered with it on payment of fees as specified by the Regulator; (f) shall appoint a compliance officer who shall be responsible for monitoring the compliance....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d entities, direct that any of the provisions of rule 9 or rule 9A,- (i) shall not apply to a class or classes of regulated entities; or (ii) shall apply to the class or classes of regulated entities with such exceptions, modifications and adaptations as may be specified in the notification. ]       ------------------- Notes:    1. ....