Know Your Customer Policy

TAMILNAD MERCANTILE BANK LTD - HEAD OFFICE-THOOTHUKUDI. know your Customer Policy (Issued in super-cession of previous Policy ). I. Objective 1) The objective of KYC guidelines is to prevent our Bank from being used, intentionally or unintentionally, by criminal elements for money laundering activities. 2) KYC procedures also enable branches to know / understand their customers and their financial dealings better which in turn help them manage their risks prudently. 3) Our KYC Policy covers the following areas: * Customer Acceptance Policy * Customer identification Procedures. * Monitoring of Transactions and * Risk Management * Statutory Requirements. * Dissemination of KYC Guidelines. II. know your Customer ' Standards For the purpose of KYC Policy , a Customer ' may be defined as: a person or entity that maintains an account and / or has a business relationship with the bank one on whose behalf the account is maintained ( the beneficial owner).

1 TAMILNAD MERCANTILE BANK LTD - HEAD OFFICE-THOOTHUKUDI Know Your Customer Policy (Issued in super-cession of previous policy) I. Objective 1) The objective of KYC guidelines is to prevent our Bank from being used,

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