KYC / AML
Every RBI rule that touches KYC / AML, simplified for bankers. 22 current circulars.
Status from our nightly regulatory-lineage check. Only circulars with no recorded withdrawal appear below — always confirm current applicability against the official RBI source linked on each circular.
Latest circulars in this cluster
UAPA Section 51A: UNSC Sanctions List Updated – One Entry Amended
RBI directs all regulated entities to update their records per UNSC's July 8, 2026 amendment to the ISIL/Al-Qaida sancti
RBI fines Modern Co-op Bank for exposure and KYC lapses
RBI imposed a ₹1 lakh penalty on The Modern Co-operative Bank, Chalisgaon, for breaching single borrower exposure limits
RBI Penalty on Nabapalli Cooperative Bank for KYC Lapses
RBI fined The Nabapalli Cooperative Bank Ltd, West Bengal, ₹3 lakh for non-compliance with KYC norms, specifically faili
RBI TReDS Master Direction 2026: Key Changes for MSME Financing
RBI issued a comprehensive Master Direction for TReDS platforms, effective immediately. It streamlines capital requireme
RBI fines Sultanpur Jilla Sahkari Bank for KYC, CIC, and deposit rule breaches
RBI imposed a ₹3 lakh penalty on Sultanpur Jilla Sahkari Bank for failing to submit borrower credit information to all f
RBI fines Five Star Business Finance ₹6.20 lakh for KYC, fair practice lapses
RBI imposed a ₹6.20 lakh penalty on Five Star Business Finance for failing to put in place robust software for effective
RBI fines Pahal Financial Services ₹3.10 lakh for KYC lapses
RBI imposed a ₹3.10 lakh penalty on Pahal Financial Services for failing to deploy robust software to identify and repor
RBI Tightens AML/CFT Norms for Iran and DPRK Transactions
RBI directs all authorised persons to apply FATF counter-measures against Iran and DPRK due to ongoing ML/FT risks. Bank
RBI fines Chitradurga DCC Bank ₹1.5 lakh for KYC, director loan lapses
RBI imposed a ₹1.5 lakh penalty on The Chitradurga District Co-operative Central Bank for sanctioning director-related l
RBI fines Odisha co-op bank ₹3 lakh for KYC upload delay
RBI imposed a ₹3 lakh penalty on The United Puri-Nimapara Central Co-operative Bank for failing to upload customer KYC r
RBI Updates AML/CFT Guidance on High-Risk Jurisdictions
RBI directs authorised persons to factor in FATF's October 2012 updated statement on AML/CFT compliance deficiencies in
KYC/AML Norms: Board Resolution No Longer Needed for Forex with AMCs
RBI has removed the requirement for corporates to submit a Board Resolution and Power of Attorney when dealing with Auth
PMLA Amendment: Fines for KYC/AML Lapses in Money Changing
RBI advises authorised persons to appoint a designated director for PMLA compliance. The amended Section 13(2) empowers
KYC/AML Record Retention Reduced to 5 Years for Money Changing Activities by Authorised Persons
RBI has reduced the mandatory record retention period for KYC/AML documents under PMLA from 10 years to 5 years for Auth
RBI fines Muthoot Vehicle and Asset Finance ₹2.70 lakh for KYC lapse
RBI imposed a ₹2.70 lakh penalty on Muthoot Vehicle and Asset Finance for failing to review customer risk categorisation
RBI fines Muthoot Finance ₹5.80 lakh for KYC lapses
RBI imposed a ₹5.80 lakh penalty on Muthoot Finance for failing to periodically review customer risk categorisation and
MHA designates 23 individuals as terrorists under UAPA
MHA has added 23 individuals to the Fourth Schedule of UAPA, 1967. Banks and NBFCs must report any matching accounts to
RBI Penalty on Chikhli Urban Co-operative Bank for KYC, Housing Finance, and Depositor Fund Violations
RBI fined The Chikhli Urban Co-operative Bank ₹13 lakh for failing to transfer unclaimed amounts to the Depositor Educat
RBI fines Nawada Central Co-op Bank ₹50K for KYC upload delay
RBI imposed a ₹50,000 penalty on The Nawada Central Co-operative Bank Limited for failing to upload customer KYC records
RBI fines Sambalpur DCCB ₹8 lakh for KYC and deposit rule lapses
RBI imposed a ₹8 lakh penalty on The Sambalpur District Co-operative Central Bank for failing to transfer unclaimed depo
RBI fines GIC Housing Finance ₹3.10 lakh for KYC compliance lapse
RBI imposed a ₹3.10 lakh penalty on GIC Housing Finance for failing to review risk categorisation of accounts at least o
RBI fines Dharmavir Sambhaji Urban Co-op Bank for KYC lapses
RBI imposed a ₹10,000 penalty on Dharmavir Sambhaji Urban Cooperative Bank for failing to upload customer KYC records to
Frequently asked questions
How often must KYC be updated?
Periodic updation is risk-based — high-risk customers are reviewed more frequently than low-risk ones — with defined cycles. The current periodicity is set out in the KYC master direction tracked below.
Is video KYC permitted?
Yes. Video-based Customer Identification Process is an accepted channel for onboarding and updation, subject to defined safeguards on liveness, geotagging and record-keeping.
What is the Central KYC Registry?
It is a central repository of KYC records that regulated entities upload to and retrieve from, reducing repeated documentation for customers across institutions. Obligations to use it are in the applicable circular.
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