{"id":25285,"date":"2013-05-16T14:30:06","date_gmt":"2013-05-16T09:00:06","guid":{"rendered":"http:\/\/vskills.in\/certification\/tutorial\/?p=25285"},"modified":"2024-04-12T14:18:05","modified_gmt":"2024-04-12T08:48:05","slug":"kyc-operating-guidelines","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/kyc-operating-guidelines\/","title":{"rendered":"KYC \u2013 Operating Guidelines | AML KYC Compliance Officer Tutorial |"},"content":{"rendered":"<p><\/p>\n<h3><strong><a ref=\"magnificPopup\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-6-1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-91545 aligncenter\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-6-1.png\" alt=\"KYC \u2013 Operating Guidelines\" width=\"750\" height=\"400\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-6-1.png 750w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-6-1-300x160.png 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/a><\/strong><\/h3>\n<h3><strong>KYC\u2013Operating Guidelines<\/strong><\/h3>\n<p>It is an essential part of KYC documentation. A description of a customer or set of customers that includes demographic, geographic, and psychographic characteristics, as well as buying patterns, creditworthiness, and purchase history.<\/p>\n<p>In simple words, customers are segregated on the basis of the characteristics mentioned above. Different institutions may have a different set of factors and characteristics that come into play for the process of customer profiling. Such segmentation further helps in better customer service, cross-selling, and database management.<\/p>\n<h3><strong>KYC Customer Identification<\/strong><\/h3>\n<p>Customer identification means \u201cidentifying the customer and verifying his\/her identity by using reliable, independent source documents, data or information\u201d.<\/p>\n<p><strong>Establishing Identity<\/strong><\/p>\n<p>The customer identification process does not start and end at the point of application. It continues till the account is finally opened. However, the process of confirming and updating the identity of any address, and the extent of additional KYC information collected, will differ from bank to bank.&nbsp;<\/p>\n<h3><strong>What is KYC Identity?<\/strong><\/h3>\n<p>Identity generally means a set of attributes that together uniquely identify a natural or legal person. The attributes, which help to establish the unique identity of a natural or legal person, are called &#8216;identifiers&#8217;.<\/p>\n<ul>\n<li>Name (in full),<\/li>\n<li>Father&#8217; Name,<\/li>\n<li>Date of birth,<\/li>\n<li>Passport number,<\/li>\n<li>Election Card number (EPIC number),<\/li>\n<li>PAN number,<\/li>\n<li>Driving License number, etc.<\/li>\n<\/ul>\n<p>The above-mentioned are unique identifiers available that help establishing the identity of a natural or legal person. These are termed as &#8216;primary identifiers&#8217; as they help in uniquely establishing the identity of a natural or legal person. Addresses\/ location and nationality and other such identifiers may serve as secondary identifiers&#8217; as they help further refine the identity. The RBI has suggested banks to KYC mandatory. To add on, the banks have to fully comply with the provisions of the KYC procedures.<\/p>\n<p>This module covers the following topics:<\/p>\n<ul id=\"block-49928c96-7eee-4310-b12c-851e76ebf9f0\" class=\"block-editor-block-list__block wp-block is-selected rich-text block-editor-rich-text__editable wp-block\" tabindex=\"0\" role=\"textbox\" contenteditable=\"true\" spellcheck=\"false\" aria-label=\"Write list\u2026\" aria-multiline=\"true\" data-block=\"49928c96-7eee-4310-b12c-851e76ebf9f0\" data-type=\"core\/list\" data-title=\"List\">\n<li><a href=\"http:\/\/vskills.in\/certification\/tutorial\/aml-kyc-2\/account-opening-process\/\" target=\"_blank\" rel=\"noreferrer noopener\" data-rich-text-format-boundary=\"true\">Account Opening Process<\/a><\/li>\n<li><a href=\"http:\/\/vskills.in\/certification\/tutorial\/aml-kyc-2\/existing-accounts\/\" target=\"_blank\" rel=\"noreferrer noopener\">Existing Accounts<\/a><\/li>\n<li><a href=\"http:\/\/vskills.in\/certification\/tutorial\/aml-kyc-2\/inoperative-accounts\/\" target=\"_blank\" rel=\"noreferrer noopener\">Inoperative Accounts<\/a><\/li>\n<li><a href=\"http:\/\/vskills.in\/certification\/tutorial\/aml-kyc-2\/monitoring-of-accounts\/\" target=\"_blank\" rel=\"noreferrer noopener\">Monitoring of Accounts<\/a><\/li>\n<\/ul>\n<h3>&nbsp;<\/h3>\n<div class=\"apply\">\n<p><a href=\"https:\/\/www.vskills.in\/practice\/aml-kyc\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-91326 size-full aligncenter\" title=\"AML KYC Vskills\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Certified-Corporate-Governance-Professional-1.png\" alt=\"AML-KYC Compliance officer free practice test\" width=\"960\" height=\"150\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Certified-Corporate-Governance-Professional-1.png 960w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Certified-Corporate-Governance-Professional-1-300x47.png 300w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><\/p>\n<\/div>\n\n\n<p><a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc\/\" target=\"_blank\" rel=\"noreferrer noopener\">Go back to Tutorial<\/a>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <a href=\"https:\/\/www.vskills.in\/certification\/Certified-AML-KYC-Compliance-Officer\" target=\"_blank\" rel=\"noreferrer noopener\">Go to Home Page<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KYC\u2013Operating Guidelines It is an essential part of KYC documentation. A description of a customer or set of customers that includes demographic, geographic, and psychographic characteristics, as well as buying patterns, creditworthiness, and purchase history. In simple words, customers are segregated on the basis of the characteristics mentioned above. Different institutions may have a different&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[3356],"tags":[6068,6069,6071,6065,6073,6072,6070,6066,71,6067,4317,3589,6074,6101],"class_list":["post-25285","page","type-page","status-publish","hentry","category-aml-kyc-2","tag-aml-certification","tag-aml-kyc-certificate","tag-aml-kyc-certificate-online","tag-aml-kyc-certification","tag-aml-kyc-course","tag-aml-kyc-in-india","tag-anti-money-laundering-certificate","tag-anti-money-laundering-certification","tag-certification","tag-compliance-certification","tag-kyc-operating-guidelines","tag-online-certification","tag-vskills-certification","tag-what-are-kyc-operating-guidelines"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AML KYC - Compliance Officer Tutorial | KYC \u2013 Operating Guidelines<\/title>\n<meta name=\"description\" content=\"Make your resume stand out and become a Certified AML-KYC Compliance officer? 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