What are the CDD Measures for Unincorporated Association or a body of individuals as per PMLA Act 2002?
Updated
In case the customer is a body of individuals following documents are required for due diligence
resolution of the managing body of such association or body of individuals;
Permanent account number or Form No.60 of the unincorporated association or a body of individuals;
power of attorney granted to him to transact on its behalf; and
KYC documents as are required for an individual relating to beneficial owner, managers, officers or employees, as the case may be, holding an attorney to transact on the company's behalf;
such information as may be required by the reporting entity to collectively establish the existence of such association or body of individuals.
