Chapter 2. Audit and Record provisions relating to KYC Regulations of RBI
In our introductory chapter we took you through the major highlights that RBI master circular on KYC had and how it affected you as a regulated entity. In this installment of the blog we shall discuss outsourcing and audit related stipulations. All regulated entities are expected to comply with audit related provisions of KYC Policy, following is a list of major provisions that you should be aware of,