Client Identification Procedure definition
Client Identification Procedure. Customer identification procedure means verifying the identity of the customer by using reliable, independent source documents, data or information. GOLDMINE needs to obtain sufficient information necessary to establish, to its satisfaction, the identity of each new customer, whether regular or occasional, and the purpose of the intended nature of relationship. GOLDMINE must also be able to satisfy the regulators that due diligence was observed based on the risk profile of the customer in compliance with the extant guidelines in place. The following customer identification norms shall be adhered to in respect of all new clients to establish the identity of the client along with firm proof of address to prevent opening of account which is fictitious/benami/anonymous in nature. The client should be identified by using reliable sources including documents / information. Obtain adequate information to satisfactorily establish the identity of each new client and the purpose of the intended nature of the relationship. Voters ID card Driving license Unique Identification Number (UID) (Aadhar Card) Passport Voter ID card Driving license Latest Bank passbook / Bank Statement Unique Identification Number (UID) (Aadhar Card) Verified copies of a) Electricity bills (not more than three months old), b) Residence Telephone bills (Not more than three months old) and c) Leave and License agreement / Agreement for sale Identity Card/document with address, issued by, Central/State Government and its Departments, b) Statutory/Regulatory Authorities, c) Public Sector Undertakings etc. Goldmine shall obtain sufficient information in order to identify persons who beneficially own or control the trading, and or demat account As per guidance provided by SEBI/BSE /NSE/NSDL/CDSL, Goldmine obtains sufficient information from the clients in order to identify person who beneficially owns and controls accounts. As per SEBI circular CIR/MIRSD/2/2013, dated 24.01.2013, the beneficial owner has been defined as follows: the natural person or persons, who ultimately own, control or influence a client and/or persons on whose behalf a transaction is being conducted, and includes a person who exercises ultimate effective control over a legal person or arrangement. -Where the client is a company, partnership or unincorporated association/body of individuals, Goldmine verify the identity of such persons, through the following information The identity of the natural person, ...
Client Identification Procedure. Means a procedure established by us and communicated to you
Examples of Client Identification Procedure in a sentence
If the Client Identification Procedure requires you to retain information or originals or copies of documents, when required by us, you must provide us with copies of any such information or documents.