Inadvertent, but potentially a VERY harmful use of KYC documents

In ordinary course we keep issuing and submitting our KYC documents (identity and residential proofs.. such as PAN card, electricity bill etc.) to various people, For housing or car or other loans, bank accounts, or even for buying new sim card.

At almost all these places they ask for self-certification on these documents. We immediately sign those documents and hand over.

Just imagine your self-certified copies are likely to freely available in the hands of the persons for illegal usages. These documents can be used by him for EVERYTHING!

It’s really serious and it’s been seen that in most of the terrorist activities, KYC documents are sourced from the SIM card sellers.

Hence, please inculcate a habit of writing the purpose of submitting the self-certified KYC Document(s), to whom the document is handed over and the date so that those documents cannot be used again.

 

—- Shared for the public benefit.

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Author: ASHOK M VAISHNAV

In July 2011, I opted to retire from my active career as a practicing management professional. In the 38 years that I pursued this career, I had opportunity to work in diverse capacities, in small-to-medium-to-large engineering companies. Whether I was setting up Greenfield projects or Brownfield projects, nurturing the new start-ups or accelerating the stabilized unit to a next phase growth, I had many more occasions to take the paths uncharted. The life then was so challenging! One of the biggest casualty in that phase was my disregards towards my hobbies - Be with The Family, Enjoy Music form Films of 1940s to mid-1970s period, write on whatever I liked to read, pursue amateur photography and indulge in solving the chess problems. So I commenced my Second Innings to focus on this area of my life as the primary occupation. At the end of four years, I am now quite a regular blogger. I have been able to build a few very strong pen-relationships. I maintain contact with 38-years of my First Innings as freelance trainer and process facilitator. And yet, The woods are lovely, dark and deep. But I have promises to keep, And miles to go before I sleep, And miles to go before I sleep.

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