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Corporate Laws Central Ministry of Finance Prevention of Money-laundering Act, 2002

CKYCRR has issued a communique on Upcoming Enhancements in CKYCRR

03-Nov-2025 | CKYC/2025/14

CKYCRR has issued a communique on Upcoming Enhancements in CKYCRR with effect from 03rd November 2025. This communique aims to provide an outlook for enhancements that are scheduled for implementation in the coming months to improve usability and strengthen the KYC process. Key Enhancements are listed as follows: 1. Simpler process for differently abled individuals: Certain details (like type and percentage of impairment, UDID) will now be optional instead of mandatory. 2. Improved download tracking: The download limit will count only after a successful KYC record download. 3. Flagging deceased customers: Reporting entities can now mark KYC records of deceased individuals. 4. Duplicate records management: A new module will help in reporting, deactivating, and merging duplicate KYC records. 5. Watermarked document downloads: Officially Valid Documents (OVDs) downloaded from CKYCRR will include date, time, and financial institution code as a watermark. 6. Other updates - a. Reporting entities can mark closure of financial relationships on CKYCRR. b. For customers without a mobile number, consent can be confirmed in person, allowing record downloads without OTP validation.

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