Mit Magzter GOLD unbegrenztes Potenzial nutzen
Erhalten Sie unbegrenzten Zugriff auf über 9.000 Zeitschriften, Zeitungen und Premium-Artikel für nur
Versuchen GOLD - Frei
Lower-risk customers may get to breathe easy on KYC
Hindustan Times Bengaluru
|April 14, 2025
The Centre is working on long-awaited changes to Know Your Customer (KYC) rules, simplifying the process for lower-risk customers and tightening checks on higher-risk accounts.
NEW DELHI:
The government is preparing to amend the Prevention of Money Laundering Act (PMLA) to bring about such a risk-based KYC framework, two people aware of the development said. Currently, financial institutions mandate a uniform KYC process for their customers regardless of risk.
"The changes would align both Reserve Bank of India regulations and broader PMLA compliance norms, streamlining the KYC onboarding process and improving overall customer experience," one of the two people cited above said on the condition of anonymity.
Diese Geschichte stammt aus der April 14, 2025-Ausgabe von Hindustan Times Bengaluru.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Hindustan Times Bengaluru
Hindustan Times Bengaluru
SKIPPER BAVUMA RETURNS FOR SOUTH AFRICA'S TWO-TEST SERIES AGAINST INDIA
Temba Bavuma ‘was on Monday namedas captain of South Africa’s squad for two World Test Championship matches in India next month having recovered from injury.
1 min
October 28, 2025
Hindustan Times Bengaluru
A Coldplay warm-up for Sophie Turner?
It seems love may be striking a new chord in the West. Game of Thrones star Sophie Turner and Coldplay frontman Chris Martin have reportedly started dating after both endured highly publicised breakups earlier this year.
1 min
October 28, 2025
Hindustan Times Bengaluru
Tanvi’s World Juniors high kindles the Saina-Sindhu successor talk
Who after Saina Nehwal and PV Sindhu? The question had hovered over Indian badminton for around a decade, with no expert able to provide an answer.
3 mins
October 28, 2025
Hindustan Times Bengaluru
Govt approves ₹5,532 cr projects under ECMS
The Union government on Monday approved the first batch of projects under the Electronics Components Manufacturing Scheme (ECMS), with seven proposals cleared involving a total investment of ₹5,532 crore, with an expected production output of ₹44,406 crore and the creation of more than 5,100 direct jobs.
2 mins
October 28, 2025
Hindustan Times Bengaluru
SC seeks states’ data on cases of ‘digital arrest’
The Supreme Court ‘on Monday sought details of cyber crimes involving “digital arrest” pending investigation before all states and union territories as it considered a larger probe by one agency, preferably the Central Bureau of Investigation (CBI), to examine all cases.
2 mins
October 28, 2025
Hindustan Times Bengaluru
Jaishankar flags energy trade constraints, unstable markets
India's growing concerns about constriction of energy trade, market access and supply chain reliability were highlighted by external affairs minister S Jaishankar at the East Asia Summit in Malaysia on Monday, against the backdrop of strains created by geopolitical disputes, tariffs and trade sanctions.
2 mins
October 28, 2025
Hindustan Times Bengaluru
Top court upholds HC order to resume MGNREGA in Bengal
The Supreme Court ‘on Monday upheld a Calcutta high court order directing the Centre to resume the employment guarantee scheme of MGNREGA in West Bengal
2 mins
October 28, 2025
Hindustan Times Bengaluru
SC SLAMS MAHA GOVT OVER POOR COMPENSATORY AFFORESTATION
The Supreme Court on Monday slammed the Maharashtra government over the compensatory afforestation carried out in lieu of trees cut in Aarey forest after an inspection of the over 20,000 saplings revealed that only 50% of trees had managed to survive.
1 min
October 28, 2025
Hindustan Times Bengaluru
Bengal transfers 527 bureaucrats ahead of SIR rollout, row erupts
In one of its largest administrative rejigs, the West Bengal government on Monday transferred 527 Indian Administrative Service (IAS) and West Bengal Civil Service (WBCS) officials ahead of the rollout of the special intensive revision (SIR) of electoral rolls in the state.
1 min
October 28, 2025
Hindustan Times Bengaluru
Cultural motifs shape parties’ electoral plans
Culture becomes poll pitch
4 mins
October 28, 2025
Listen
Translate
Change font size