Discussion Agenda

Date : December 28, 2023

Related With KYC Monitor
➢ The following things are needed to be displayed in the KYC Monitor, along with existing
details:.
• Branch and User Name
• Corporate Information: Registration Details, Signatory Details
➢ Insured Type: Recently, showing Individual and others; however, it should be shown as
per available insured type in our system, i.e., Individual, Corporate, Co-operative, NPO,
Proprietor, Government.
➢ Recently, back-date data is not showing in the KYC monitor, so it should be shown in the
KYC monitor.
➢ Document attached to KYC is not shown on the monitor; document preview shall be
shown in a new tap or slide while right-clicking on KYC no.
➢ The approval system is shown inside the KYC form. It shall be permanent; if any editing is
required, a specific authorized person either changes it to unapproved and can edit it by
the user or a specified person only edits it.

Related with KYC form

➢ Proprietorship firms bear a single PAN for multiple businesses. It will be authorized for a
specific person to create multiple KYCs on a single PAN by using the reference number.

Furthermore, currently, while KYC numbers are kept for KYC updates or creations in the
same PAN, referenced KYCs are automatically locked. So, a specific person has to be
authorized to keep the reference number for creating or updating the KYC, and it should
not be locked as earlier.

Other user cannot use reference KYC no from now.

➢ Identification type selection options must be shown for individuals and other
institutionally insured other than government entities.
Further, as per selected id type, related field will be set mandatory along with citizenship
no. for any type of valid identity.

➢ PEPs and sanctioned party screening mechanisms before KYC approval.

➢ Duplication of individual KYC should be check through citizenship number; If a citizenship

number matched with an existing KYC, additional information must be input
simultaneously, i.e., the date and place the citizenship was issued.

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Related with KYC Report: its path is; Search Engine → Underwriting → KYC Search
➢ Report Export: While exporting the KYC report, it shall contain the following details along
with existing data: But we do not need to include the Nepali name and address in the
same report.
• For Corporate Insured:
✓ Registration Number
✓ Registration Date
✓ Registration Office
✓ Signatory Name
✓ Signatory Address
✓ Signatory Father’s Name
✓ Signatory Date of Birth
✓ Signatory Citizenship details or Identity details as provided along with
citizenship no.
✓ Income source and occupation
➢ File no. : As we discussed, it should be sequentially as per branch and it shall be updated
from Shrawan 1 , 2080.
➢ While exporting the report, there shall be an option for choosing separate languages, i.e.,
English and Nepali.
For Ref. As per Report Search → KYC Report

Related with Collection:

➢ While collecting premiums through Cash , Cheque, or Credit Advice as Fund Type: Cash or
Cheque, conductor details should be mandatory.
➢ If premiums are received from Other than individuals insured, i.e., corporations, NPOs,
Co-operatives, proprietorship firms, and governments, the conductor has never been self.
So the self option shall be disabled or invisible for this insured.

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 ➢ There should be arrangements for the conduct indicator of corporate insured. So there
should be a visible and easily identifying respective conductor for recurring collection of
the same insured.
➢ Provide the authorization for a specific user to edit and update the details for correction
as per goaml requirements..

Further Go-AML Relating

➢ Develop screening function to identify the PEPs and sensation parties in system.
➢ Enable to Skip TTR option for specified insured through Search Engine → Underwriting →
KYC Search
➢ Stop issuing a policy for the insured whose threshold transaction has been crossed but
KYC is not complete as required details and attachment.

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