Presentation

on

ACCOUNT OPENING

Account

Deposit Account:

□ Demand Deposit Account

□ Savings Account

□ Current Account (BDT/RFCD)

□ Time Deposit Account:

□ Fixed Deposit Account

□ Deposit Pension Scheme (DPS)

□ Short Term Deposit (STD)

COMMON DOCUMENTS FOR ACCOUNT OPENING

Uniform account opening Form

Account opening form:

Bangladesh Bank prescribed Unique A/C opening form (Ref: Policy 2324,

30th June, 2008)

Banks can incorporate more information in addition to Bangladesh Bank

prescribed Uniform AOF has been made mandatory from January 2009

Forms to be filled up for opening Account:

Account opening form

Personal Information form

Transaction Profile Form

Know Your Customer profile form

Signing Authority and Acceptance of Terms & Condition

No account will be opened in the system without providing mandatory &

conditional mandatory information. Moreover incomplete AOF will be send back

to business unit / source

MANDATORY FIELDS OF ACCOUNT OPENING

□ Mandatory Fields:

Introduction Part: 1. Account Open Date

2.Branch Name

3.Account Name

4.Currency

5.Type of Account

6.Mode of Operation

Personal Information 1. Father’s Name

2.Mother’s Name

3.Gender

4.Date of Birth

5.Place of Birth

6.Religion

7.Residence Status

8.Nationality

9.Marital Status

10.Present Address

11. Permanent Address

12.Work Address

13.Communication Address

14.Contact Details

Details of Profession 1.Profession

1.Name of Introducer

2.Account Number

3.Relationship

Introducer’s Information 1.Signature & Date

SMS/e-Statement Facility 1.e-statement Facility

Nominee Details 1.Name of Nominee

2.Date of Birth

3.Minor

4.Relationship

5.Permanent Address

Transaction Profile 1.Purpose of Opening Account

2.Source of Income

3.Nature & Volume of Transaction

4.Initial Deposit

For Bank Use Only 1.Cost Center

2.Customer Sector Code

3.Deposit Type Code

4.PSO

5.MPSO

MANDATORY FIELDS OF ACCOUNT OPENING

Conditional Mandatory Fields

1.Name of Spouse

(if married)

Personal Information

2. If provided as identity proof

National ID No.

Passport No.

Passport Expiry Date

Driving License No

3. If available

TIN

Other address

Details of Profession 1.If Working / Student

Organization’s name

Position/Designation

Nature of Business

Monthly Income

e-Statement Facility 1.E-mail address

Minor Details 1.Minor Name (If nominee is Minor)

2.Name of Guardian of Minor

3.Relationship

INTRODUCER

As per KYC

Policy-2013

Who is become a introducer:

CUSTOMER PROFF OF ADRESS

As per KYC

Policy-2013

Identification of the risk involved with the Process;

KYC

KYC is an acronym for “Know your Customer”, a term used for customer identification

process. It involves making reasonable efforts to determine true identity and beneficial

ownership of accounts, source of funds, the nature of customer’s business,

reasonableness of operations in the account in relation to the customer’s business,

etc which in turn helps the banks to manage their risks prudently. The objective of

the KYC guidelines is to prevent banks being used, intentionally or unintentionally

by criminal elements for money laundering.

It is the due diligence and bank regulation that financial institutions and other

regulated companies must perform to

identify their clients and

ascertain relevant information pertinent to doing financial business

with them

It indicates:

Customer’s Identification

Customer’s Complete Full Address

Source of Income/Profession/Business Details

Purpose of Account

KYC: RISK CATEGORIZATION

Risk categorization – Based on Activity/KYC Profile:

When opening accounts, the concerned staff/Officer must assess the

risk that the accounts could be used for “money laundering”, and

must classify the accounts as either High Risk or Low Risk. The risk

assessment may be made using the KYC Profile Form given in

which following seven risk categories are scored using a scale of 1 to

5 where scale 4-5 denotes High Risk, 3- Medium Risk and 1-2 Low

Risk:

Occupation or nature of customer’s business

Net worth / sales turnover of the customer

Mode of opening the account

Expected value of monthly transactions

Expected number of monthly transactions

Expected value of monthly cash transactions

Expected number of monthly cash transactions

HIGH RISK INDUSTRIES

□ High Risk Industries (AML Perspective)

Gold /Jewel / Gem / Precious metal dealers

Gambling/Casinos

Exchange Houses

Courier Companies

Machine Parts /Art & Antique dealers

Reconditioned Car dealerships

Hotels & Restaurants

Manpower/Travel agencies

Real Estate agents

Export-Import company’s (trading houses)

Brokers / Dealers

Any cash incentive business

Check point of Transaction PROFILE

1. Legitimate &

Understable Purpose of

Account Opening

2. Legitimate Source of

Fund which consistent

with Profession

3. Customers declared TP is

consistent with his transaction.

4. Customers Profession

commensurate with his declared TP or

transaction.

IDENTIFICITION OF CUSTOMER & DUCUMENTS

Checking points:

Name of the account as per Documents or not.

Confirming de-dupe CIF & ensure checking of De-Dupe

Present & Permanent Address as per documents ( Proof of Address, NID, TIN Certificate etc) or not

Customer’s name, Date of Birth, Father, Mother Name as per photo Id, or not

Valid NID/Passport / Driver’s License / / Campus ID photocopy.

Transaction Profile properly fill up or not

BM /CSM /RM sign & seal required along with customer sign if additional signature Page tagged.

Proper authentication done by business in the related page( self & business)

Self attestation form provide or not

Introducer information & relationship are taken as appropriate way. (Introducer’s account must be at least 6 months old & guest photo is duly attested by the introducer

Telephone / contact numbers are correct.

All details of the account opening form have been completed and necessary documents are obtained.

COMMON RETURN REASON

A/c holder information mismatch with photo ID

A/c holder information mismatch with existing CIF

AOF & KYC not approved/seal required

Mode of operation is not clear

KYC & Account opening forms profile not properly filled up

Transaction profile not properly filled up

Introducer signature not verified properly

Valid photo ID required.

Guest Self attestation required on supported documents

THANK YOU