2.49 Process KYC Maintenance Detail

This topic provides the systematic instructions to maintain the standard and additional lists of documents.

For each jurisdiction (segment), you need to maintain standard and additional lists of documents to be collected from the investor. You may capture transactions; however system does not allow you to complete a transaction unless all the KYC requirements for that unit holder are met.

The lists of such documents vary based on the following parameters:

• Investor Entity Type (Trust, Individual, Fund, etc)
• Origin of funds: the investor’s bank account is in a FATF or Non FATF Country

The ID of the entity assigned to the agent and its corresponding description are shown when you invoke the screen.

1. On Home screen, type UTDKYCMT click New to enter the details.
   The KYC Maintenance Detail screen is displayed.

   Figure 2-60 KYC Maintenance Detail

   
   

   
   Description of "Figure 2-60 KYC Maintenance Detail"

   
   
2. On KYC Maintenance Detail screen, click New to enter the details.
   For more information on fields, refer to the field description table.

   Table 2-58 KYC Maintenance Detail - Field Description

   Field	Description
   Country Type	Alphanumeric; 1 Character; Mandatory In FCIS, countries are categorized into four types; Financial Action Task Force (FATF) Non FATF NCCT CRRT FATF is an inter-governmental body for developing and promoting policies to combat money laundering. Select FATF if you wish to maintain list of required KYC documents for investor account residing in a FATF country. Else, select Non FATF.
   Country Type Description	Display The system displays the description for the selected country type.
   Investor Category	Alphanumeric; 2 Characters; Mandatory Select the category of investor for whom the list of required KYC documents is to be set up, from the list.
   Category Description	Display The system displays the description for the selected investor category.
   Entity ID	Display The system defaults the Entity ID linked to the selected country type.
   Entity Name	Display The system defaults the corresponding name of the defaulted entity here.
   KYC Requirement List	The section displays the following fields.
   Document Type	Optional You can either classify documents as Standard or as Additional.
   Document	Alphanumeric; 255 Characters; Mandatory Specify the document name.
   Document Description	Display The system displays document description for the selected document.