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Govt. Certified AML/KYC Compliance Officer
Accounts of Companies
Let us now learn more about Accounts of Companies –
Documents required: Followings are the documents required by the companies for opening account
- Correct permanent address, Memorandum & Article of Association
- Resolution of the Board of Directors to open an account and identification of those who have authority to operate the account
- Power of attorney granted to its managers, officers or employees to transact business on its behalf
- Copy of PAN allotted letter
- Copy of the telephone bill
Accounts of partnership firms
Documents required:
- Registration certificate, if
- Partnership deed
- Power of attorney granted to a partner or an employee of the firm to transact business on its behalf
- Any officially valid document identifying the partners and the persons holding the power of attorney and their address
Let us learn more about AML/KYC
Under Prevention of Money Laundering Act, 2002 the extant of regulations of RBI and the rules notified deal with an initiative of Anti Money Laundering (AML) and Countering the Terrorist Financing (CTF). These rules and regulations prevent the process of money laundering and financing of terrorism related activities. The regulations require the banks to know their customers (also referred as the Know Your Customer or KYC regulations) and to monitor their transactions.
Also it is very important to comply with AML regulations as as to assists the banks in keeping a close watch on the transactions to identify suspicious transactions, if any, and thereafter provide information to the law enforcement authorities (via reports to FIU-IND) to handle such transactions as per the applicable laws and regulations.
Apply for AML- KYC Certification Now!!
http://www.vskills.in/certification/Certified-AML-KYC-Compliance-Officer