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 CORRIGENDUM TO TRADE NOTICE NO. 06/2026-CENTRAL TAX-Territorial re-organization of Divisions and Ranges within the jurisdiction of CGST & CX, Ahmedabad South Commissionerate
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 NOTIFICATIONNo. 03/2026–Central Tax CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
 Notification No. 04/2026– Central Tax Central Board of Indirect Taxes and Customs
 Central Board of Indirect Taxes and CustomsNotification No. 05/2026–Central Tax
 Seeks to amend notification No. 5/2017- Central Tax dated 19th June, 2017
 Seeks to amend notification No. 5/2017- Central Tax dated 19th June, 2017
 Seeks to amend notification No. 5/2017- Central Tax dated 19th June, 2017
 TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB- SECTION
 Seeks to amend notification No. 27/2018- Integrated Tax (Rate) dated 31st December, 2018

KYC Norms /AML Measures - CFT/ Obligations of Banks PMLA, 2002
February, 27th 2013

RBI/2012-13/420
UBD CO PCB Cir.No.37/14.01.062/2012-13

February 25, 2013

The Chief Executive Officer
All Primary (Urban) Co-operative Banks

Dear Sir,

Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Measures - Combating of Financing of Terrorism (CFT) / Obligations of Banks under Prevention of Money Laundering Act (PMLA), 2002

Please refer to the guidelines on KYC and Cash Transactions issued vide our circular UBD No. DS.PCB. Cir.17/13.01.00/2002-03 dated September 18, 2002 and the subsequent circulars issued from time to time on the captioned subject, last being circular UBD BPD (PCB) Cir. No.8/14.01.062/2012-13 dated September 13, 2012. Despite advising Urban Co-operative Banks (UCBs) to ensure strict adherence to the guidelines on the captioned subject, instances of UCBs being used as conduits for money laundering / other unlawful activities primarily due to non-adherence to KYC/AML guidelines, including absence of risk profiling of customers and lack of proper monitoring of transactions, continue to be observed during inspections / scrutinies by the Reserve Bank.

2. With a view to ensuring that the banking channels are not used for unlawful / illegal activities, it is reiterated that all UCBs may put in place a system of periodic review of risk categorization of customers and updation of customer identification data to ensure strict adherence to the KYC / AML / CFT guidelines issued by Reserve Bank from time to time. As already advised vide our circular dated September 13, 2012 ibid, Primary (Urban) Co-operative banks are once again advised to complete the process of risk categorization and compiling/updating profiles of all their existing customers by end- March 2013.

Yours faithfully,

(A. Udgata)
Chief General Manager in-Charge

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