{"id":25302,"date":"2013-05-16T14:31:45","date_gmt":"2013-05-16T09:01:45","guid":{"rendered":"http:\/\/vskills.in\/certification\/tutorial\/?p=25302"},"modified":"2024-04-12T14:18:07","modified_gmt":"2024-04-12T08:48:07","slug":"customer-acceptance-policy-cap","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/customer-acceptance-policy-cap\/","title":{"rendered":"AML KYC Tutorial |Customer Acceptance Policy (CAP)"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"400\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-17.png\" alt=\"Customer Acceptance Policy (CAP) exam guide\" class=\"wp-image-91687\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-17.png 750w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-17-300x160.png 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/figure><\/div>\n\n\n<p>\u00a0<\/p>\n<h3><strong>Customer Acceptance Policy (CAP)<\/strong><\/h3>\n<p>These are the important details about Customer Acceptance Policy<\/p>\n<ul>\n<li><span style=\"font-size: 1rem; line-height: 1.714285714;\">Accept only those clients whose identity is established by conducting due diligence appropriate to the risk profile of the client.<\/span><\/li>\n<li><span style=\"font-size: 1rem; line-height: 1.714285714;\">Where the investor is a new investor, account must be opened only after ensuring that pre-account opening KYC documentation and procedures are conducted.<\/span><\/li>\n<\/ul>\n<p><span style=\"line-height: 1.714285714; font-size: 1rem;\">(a)\u00a0<\/span><span style=\"line-height: 1.714285714; font-size: 1rem;\">D<\/span><span style=\"line-height: 1.714285714; font-size: 1rem;\">ocuments as per standard norms to be collected. <\/span><\/p>\n<p><span style=\"line-height: 1.714285714; font-size: 1rem;\">(b)\u00a0<\/span><span style=\"line-height: 1.714285714; font-size: 1rem;\">identity verification of the client to be made through support desk. <\/span><\/p>\n<p><span style=\"line-height: 1.714285714; font-size: 1rem;\">(c)\u00a0<\/span><span style=\"line-height: 1.714285714; font-size: 1rem;\">PBSPL will follow the industry standard in implementing the procedure for KYC.<\/span><\/p>\n<ul>\n<li><span style=\"font-size: 1rem; line-height: 1.714285714;\">Any transaction from a client may be accepted only after Customer acceptance procedure is completed. However, Customer acceptance procedure and Transaction acceptance procedure may be initiated simultaneously in case of low risk customers.<\/span><\/li>\n<li><span style=\"font-size: 1rem; line-height: 1.714285714;\"> If Customer acceptance policies denies a customer and customer does not\u00a0<\/span><span style=\"line-height: 1.714285714; font-size: 1rem;\">respond to requests for additional information, the opening of the new account can be rejected. A fitting condition may be put in place in the account opening or money transaction request form to this effect.<\/span><\/li>\n<li><span style=\"font-size: 1rem; line-height: 1.714285714;\">The Clients are introduced in the system through recognized partners or Mutual fund<\/span><\/li>\n<li>Partners or Relationship Managers or any known identity\n<h3>\u00a0<\/h3>\n<h3>\u00a0<\/h3>\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<\/li>\n<\/ul>\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>\u00a0 Customer Acceptance Policy (CAP) These are the important details about Customer Acceptance Policy Accept only those clients whose identity is established by conducting due diligence appropriate to the risk profile of the client. Where the investor is a new investor, account must be opened only after ensuring that pre-account opening KYC documentation and procedures&#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":[6068,6069,6071,6065,6073,6072,6070,6066,6107,71,6067,6106,4323,3589,6074],"class_list":["post-25302","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-cap","tag-certification","tag-compliance-certification","tag-customer-acceptance-policy","tag-customer-acceptance-policy-cap","tag-online-certification","tag-vskills-certification"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AML KYC Tutorial | Customer Acceptance Policy (CAP)<\/title>\n<meta name=\"description\" content=\"customer acceptance policy is an important part of the KYC procedure. 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