KYC Procedure definition

KYC Procedure means an identification procedure that requires at least provision of a valid passport / ID card and bank statement or other identification document, as well as a selfie of the person, together with the presented identity document in real time. The identification is done with an automated system and Paynetics and/or the Agent may require additional information.
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KYC Procedure means the procedure to be followed in accordance with the Financial Transactions Reporting Act No. 6 of 2006;
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Examples of KYC Procedure in a sentence

  • The Issuer may be required to provide, at the request of the Fiscal Agent, a certificate confirming compliance with its obligations under the KYC Procedure.

  • Thus, under its KYC Procedure, the Fiscal Agent will identify the Issuer as well as verify the identity of the individuals involved in the management of the Issuer and will therefore collect the supporting documentation necessary to fulfill its obligations.

  • The Issuer hereby represents and warrants that it has internal procedures and organisational arrangements to ensure compliance with their “Know Your Customer“ obligations (hereinafter the "KYC Procedure").

  • Any additional required document is considered a part of our KYC Procedure.

  • The Client agrees that he/she must provide any additional documentation as requested by the Company as part of its KYC Procedure.

  • The Issuer hereby represents and warrants that the Fiscal Agent has internal procedures and organisational arrangements to ensure compliance with their "Know Your Customer" obligations (hereinafter the "KYC Procedure").

  • DURATION OF THE AGREEMENT AND RIGHT TO CANCEL Once we have completed your due diligence and KYC Procedure, you will be informed and confirmed your account being activated, this agreement shall commence.

  • The Company shall process such request in accordance with Section  hereof and the KYC Procedure.

  • You affirm that by using and accessing our services, you have fully read and agree to our KYC Procedure.

  • You affirm that by using and accessing our services, you have fully read and agreed to our KYC Procedure.

Related to KYC Procedure

  • Dispute Resolution Procedure means the procedure for resolution of Disputes set forth in Article 26;

  • Staff Vetting Procedure means the Authority’s procedures for the vetting of personnel and as advised to the Contractor by the Authority.

  • Rules of Procedure means the rules of procedure adopted by the Fund Council for the management of its own business, as originally adopted on July 16, 2010 and amended from time to time.

  • Complaints Procedure means the School's procedure for handling complaints from parents, as amended from time to time for legal or other substantive reasons, or in order to assist the proper administration of the School. It does not form part of the contract between you and the School. A copy of the most up-to-date procedure is on the School's website and is otherwise available from the School at any time upon request;

  • Procedure means one or more surgical procedures or medical therapy performed in a Center of Excellence.