A.P. (DIR Series) Circular No. 60, dated 22-12- 2011 — Know Your Customer (KYC) norms/ Anti-Money Laundering (AML) standards/ Combating the Financing of Terrorism (CFT) Obligation of Authorised Persons under Prevention of Money Laundering Act, (PMLA), 2002, as amended by Prevention of Money Laundering (Amendment) Act, 2009 — Money changing activities.

Extant
guidelines

Revised
guidelines

Features

Documents

Features

Documents

Transactions
with

Transactions
with

individuals

(i)

Passport

individuals

—  Legal 
name  and  any

— Legal name and any
other

(i)

Passport

other names used

(ii)

PAN card

names used

(ii)

PAN card

(iii)

Voter’s Identity Card

(iii)

Voter’s identity card

(iv)

Driving licence

(iv)

Driving licence

(v)

Identity card (subject

(v)

Identity card (sub-

to the AP’s satisfac-

ject to the AP’s

tion)

satisfaction)

(vi)

Letter from a recogn-

(vi)

Letter from a recog-

ised public authority
or

nised public author-

public servant
verifying

ity or public servant

the identity and resi-

verifying the
identity

dence of the customer

and residence of the

to the satisfaction
of

customer to the sat-

the AP.

isfaction of the AP.

— Correct permanent ad-

(i)

Telephone bill

— Correct permanent ad-

(i)

Telephone bill

dress

(ii)

Bank account state-

dress

(ii)

Bank account

ment

statement

Extant
guidelines

Revised
guidelines

Features

Documents

Features

Documents

(iii)

Letter from any rec-

(iii)

Letter from any rec-

ognised public
author-

ognised public
author-

ity

ity

(iv)

Electricity bill

(iv)

Electricity bill

(v)

Ration card

(v)

Ration card

(vi)

Letter from employer

(vi)

Letter from employer

(subject to satisfaction

(subject to satisfaction

of the AP). (Any one
of

the documents, which

of the AP). (Any one of

provides customer in-

the documents, which

formation to the
satis-

provides customer in-

faction of the AP
will

formation to the satis-

suffice).

faction of the AP will

Note: In case of foreign

suffice.)

tourists, copies of
passport

containing
identification par-

ticulars and address,
may be

accepted as
documentary

proof for both
identification

as well as address.
Further,

a copy of the visa of
non-

residents, duly
stamped by

Indian Immigration
authori-

ties may also be
obtained

and kept on record.