KYC
Telecom Department Issues Notice to Vodafone Idea Over KYC Rule Violations
The Department of Telecommunications (DoT) has raised concerns against Vodafone Idea (Vi) for allegedly providing mobile connections to corporate clients without adhering to the mandatory “know your customer” (KYC) procedures for end-users. This action is seen as a violation of India’s customer verification regulations aimed at preventing cyber fraud. In a letter dated December 29, […]
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DoT to Minimize Physical KYC Process
The Department of Telecommunications (DoT) in India is set to eliminate the costly and time-consuming practice of physically validating client details for selling mobile connections, effective January 1, 2024, according to a report by ET. The move, detailed in a Tuesday notification from the DoT, aims to streamline the Know Your Customer (KYC) process and […]
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