Customer Intro. In Bank
This query is : Resolved
11 April 2011
What is the importance of intro. of a customer to bank by an existing customer and why it is done?
11 April 2011
Any resident Indian collecting or remitting such payments outside India is liable to be proceeded against with, for contravention of FEMA and violation of regulations relating to Know Your Customer (KYC) norms and Anti Money Laundering (AML) standards.
MORE INFORMATION :-
https://rbidocs.rbi.org.in/rdocs/notification/PDFs/MCKYCC010709.pdf
MORE INFORMATION :-
https://rbidocs.rbi.org.in/rdocs/notification/PDFs/MCKYCC010709.pdf
11 April 2011
I just want to know. That are there any kind of risks associated with introducing a person to bank? What, in case you actually don't know him?
11 April 2011
as per above said instruction given by RBI there are risk .
first , bank will not open the account, in the violation of rbi instructions.
first , bank will not open the account, in the violation of rbi instructions.
11 April 2011
Risk to the introducer or bank??
13 April 2011
GENERALLY BOTH.
13 April 2011
Ok. Thanks Sir.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Itr 1 processing
- ITR validation error - Balance sheet is not filled
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
