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Know More About KYC and Money Laundering Procedure by DHFL

Do you understand KYC and Anti money laundering procedures completely? Why KYC and AML norms are followed by all banks and housing finance companies? Know more about KYC, anti-money laundering procedures and many other processes followed by banks and housing finance companies to know their customers better. For more details : http://www.dhfl.com/Home-Loan-Educational-Videos/kyc-and-anti-money-laundering-procedures/

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Know More About KYC and Money Laundering Procedure by DHFL

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  1. Know Your Customer & Anti-Money Laundering Procedures – A Customer Education Initiative by DHFL

  2. Details of Know Your Customer and Anti Money Laundering Norms – A Customer Education Initiative from DHFL DHFL Home Loans – www.dhfl.com

  3. Hello Vinodji, how are you? DHFL Home Loans – www.dhfl.com

  4. Hello Sharmaji, I am doing well, thank you. How can I help you today? DHFL Home Loans – www.dhfl.com

  5. I would like to understand the Know Your Customer (KYC) and Anti Money Laundering (AML) procedures in details. Would you be able to guide me? DHFL Home Loans – www.dhfl.com

  6. Certainly. The KYC and AML Norms are followed by all Banks DHFL Home Loans – www.dhfl.com

  7. & Housing Finance Companies to prevent themselves from being used DHFL Home Loans – www.dhfl.com

  8. intentionally or unintentionally by criminal elements DHFL Home Loans – www.dhfl.com

  9. Money Laundering Activities DHFL Home Loans – www.dhfl.com

  10. Also, they need to know and understand their customers as well as their financial dealings for Risk Management. DHFL Home Loans – www.dhfl.com

  11. I understand. Please tell me more about Money Laundering. DHFL Home Loans – www.dhfl.com

  12. Money Laundering is any act or attempted act to conceal or disguise the identity of illegally obtained proceeds DHFL Home Loans – www.dhfl.com

  13. so that they appear to have originated from legitimate sources. In layman terms “Conversion of Black money into White”. DHFL Home Loans – www.dhfl.com

  14. How do the Banks & Housing Finance Companies get to know their customers? DHFL Home Loans – www.dhfl.com

  15. The Banks & Housing Finance Companies follow a Client Identification Procedure. DHFL Home Loans – www.dhfl.com

  16. They verify the identity of their customers using reliable and independent source of documents, data or information. DHFL Home Loans – www.dhfl.com

  17. The necessary documents and information are taken to verify the customer’s identity, current and permanent address, nature of business and financial status. DHFL Home Loans – www.dhfl.com

  18. They also maintain records of the identity of customer as per the regulatory requirement. DHFL Home Loans – www.dhfl.com

  19. Further, Ongoing Monitoring of Transactions such as DHFL Home Loans – www.dhfl.com

  20. unusual transactions DHFL Home Loans – www.dhfl.com

  21. cash transactions DHFL Home Loans – www.dhfl.com

  22. and suspicious transactions is also an essential element of effective KYC procedure. DHFL Home Loans – www.dhfl.com

  23. What are the documents required to be obtained from the customer for KYC compliance? DHFL Home Loans – www.dhfl.com

  24. For Photo Id Proof any one of the following is required: 1.PAN Card 2.Passport 3.Voters ID Card 4.Driving License 5. Aadhar Card DHFL Home Loans – www.dhfl.com

  25. For Residence Proof any one of the following is required: 1.Utility Bills such as Telephone Bill, Electricity Bill, Piped Gas Bill and Post Paid Mobile Bill 2. Ration Card 3.Letter from Employer 4.Bank Statement / Passbook with address 5. Valid Rent Agreement 6. Sale Deed DHFL Home Loans – www.dhfl.com

  26. Thank you Vinodji for your guidance DHFL Home Loans – www.dhfl.com

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