Genuine Measures Against Money Laundering
In today’s world of globalization and fast monetary transaction over the internet, it is very essential to play safe. In the recent times, there are many incidences of money laundering which have been reported in several companies. If you are a business owner and want to run your firm smoothly then it is very important to fulfill the know your customer norm. You can take help of professionals so that you can easily prevent your firm from online and offline fraudulent activities.
Steps that you should take to prevent fraudulent activities in your business
With the help of experts, you would be able to know the requirement for KYC application and form filling which are as follows:
Photograph of your customer
While you are fulfilling KYC, it is very essential to take good quality image of your customer which will help you in the long run. Few guidelines for a perfect photograph are as follows:
- Make sure that your customer isn’t wearing hat or goggles in the photograph.
- The photo should be brightly lit so that you can easily see the face of your customer.
You can take passport, voter id or driving license as identification proof. Make sure that the identification proof has complete name of the customer, date of birth and good quality photograph.
It is mandatory to get address proof of your customer which includes bank statement, electricity and water bill. Note that GSM and internet billings are not accepted as address proof.