TMI BlogKnow 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 Changing Activities – Recognising E-Aadhaar as an ‘Officially Valid Document’ under PML RulesX X X X Extracts X X X X X X X X Extracts X X X X ..... ally Valid Document under PML Rules Attention of Authorised Persons is invited to F-Part-II of our A.P. (DIR Series) Circular No.17 [A.P. (FL/RL Series) Circular No.04] dated November 27, 2009 on the captioned subject, as amended from time to time. F-Part-II of the above mentioned circular lists officially valid documents for customer identification. 2. Authorised Persons 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 the Aadhaar letter, it may be accepted as a proof of both identity and address. 3. In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e customer knows only his/her Aadhaar number, the Authorised Person 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 Authorised Person 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, 1999 (42 of 1999) and also under the, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... om Authorised Person to Authorised Person. 4. Define a procedure for obtaining customer authorization to UIDAI for sharing e-KYC data with the Authorised Person. This authorization can be in physical (by way of a written explicit consent authorising UIDAI to share his/her Aadhaar data with the Authorised Person/franchisee for the purpose of money changing)/electronic form as defined by UIDAI from time to time. 5. Sample process flow would be as follows: Customer walks into CSP of an Authorised Person with his/her 12-digit Aadhaar number and explicit consent and requests to avail of money changing facility with Aadhaar based e-KYC. Representative of the Authorised Person manning the CSP enters the number into the e-KYC applica ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
