KYC
Know Your Customer norms, documentation, and due diligence.
Articles
Frequently Asked Questions
Re-KYC frequency depends on the customer's risk category — high-risk customers are typically reviewed more often (for example annually) than low-risk customers, per RBI's risk-based approach.
A PEP is an individual who holds or has held a prominent public function, such as a senior government or judicial official, and is therefore considered higher risk for corruption-related money laundering.