Rationalization of Compliance to KYC Requirements
RBI has provided the biggest fillip to digital in India: Rationalization of Compliance to KYC Requirements Key changes made by RBI in KYC norms: (a) Extending the scope of video KYC known as V-CIP (video-based customer identification process) for new categories of customers such as proprietorship firms, authorized signatories, and beneficial owners of Legal Entities and […]
How to pick-up compliance journey
Reserve Bank of India (RBI) has decided to regulate the activities of Payment Aggregators through the recently released Guidelines on Regulations of Payment Aggregators and Payment Gateway on 17th March 2020. These guidelines are released in reference to an earlier discussion paper issued by RBI. These guidelines are issued under the premise of the Payment […]