INTRODUCTION OF ANTI-MONEY LAUNDERING (AML) COMBATING OF FINANCING OF TERRORISM (CFT) NORMS FOR SMALL SAVINGS SCHEMES-FRESH INSTRUCTIONS AND CLARIFICATIONS REGARDING.
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D.G. Posts No. 109-04/2007-SB dated 30.11.2010 (SB Order No.22)
The undersigned is directed refer to this office letter of even number dated 24.8.2010(SB Order 18/2010) vide which revised guide lines for implementation of KYC norms under PMLA were circulated . On receipt of various references from the field units as well as Agent Associations and general public, clause(b) and (c) of para No.1 of the Annexure' A' enclosed with the SB Order18/2010 have been amended to exempt personal presence of the depositors(s)/Investor(s) at the time of opening of account /purchase of certificates. Modified clauses are as under:-
Revised Para 1/Clause (b) and (c)
(b) At the time of opening of account /purchase of certificates, it should be ensured that all KYC documents including photograph have either been self attested or attested by the Gazetted Officer. If the account is opened through agent or certificate are purchased through agent, the concerned agent should attest the documents including photograph by puttingdated signatures along with agency number. In case of Joint Accounts/Investments, Joint photograph and documents of all Co-depositors or investors are required to be submitted
(c) It is the duty of Counter PA or BPM and Supervisor or SPM (in case of SO) to see that all KYC documents have attestation as per clause (b) and they tally the photograph with the Photo ID. They should also tally name of the depositor(s) with name shown in the ID proof and record in writing on Account Opening Form or Purchase application as "KYC" Documents verified & attested.
The undersigned is directed refer to this office letter of even number dated 24.8.2010(SB Order 18/2010) vide which revised guide lines for implementation of KYC norms under PMLA were circulated . On receipt of various references from the field units as well as Agent Associations and general public, clause(b) and (c) of para No.1 of the Annexure' A' enclosed with the SB Order18/2010 have been amended to exempt personal presence of the depositors(s)/Investor(s) at the time of opening of account /purchase of certificates. Modified clauses are as under:-
Revised Para 1/Clause (b) and (c)
(b) At the time of opening of account /purchase of certificates, it should be ensured that all KYC documents including photograph have either been self attested or attested by the Gazetted Officer. If the account is opened through agent or certificate are purchased through agent, the concerned agent should attest the documents including photograph by puttingdated signatures along with agency number. In case of Joint Accounts/Investments, Joint photograph and documents of all Co-depositors or investors are required to be submitted
(c) It is the duty of Counter PA or BPM and Supervisor or SPM (in case of SO) to see that all KYC documents have attestation as per clause (b) and they tally the photograph with the Photo ID. They should also tally name of the depositor(s) with name shown in the ID proof and record in writing on Account Opening Form or Purchase application as "KYC" Documents verified & attested.
4. This may kindly brought to the notice of all post offices for strict implementation and may be ensured that this is followed scrupulously.
5. This issues with the approval of DDG(FS).
Sd/-
(Kawal Jit Singh)
Assistant Director (SB)
