In today’s digital era, while online services offer unmatched convenience, they also bring a significant risk of becoming a target of scams, particularly those linked to Know Your Customer (KYC) procedures. KYC scams are on the rise, exposing individuals to identity theft, financial fraud, and other cybercrimes. In this blog, we delve into the risks …
On November 6th, 2024, the RBI (Reserve Bank of India) announced amendments to its Master Directions on KYC (Know Your Customer) guidelines with immediate effect. The Central Government made this announcement through a circular on November 6th to enhance security, promote transparency, and improve risk management in the financial sector. The amendment to the Master …
