Indian government examines enhancing KYC requirements for corporates to combat misconduct.
The Indian government is considering enhancing KYC (Know Your Customer) requirements for certain classes of corporates to combat unscrupulous activities and misconduct. The Finance Secretary heads a committee examining aspects of a simplified, uniform KYC system. The government's Financial Stability and Development Council is also discussing strengthening inter-regulatory coordination, uniform KYC norms, and digitalization of the KYC process.
February 25, 2024
5 Articles