Exim credit is a Wealth and Investment Banking Institution.That Finance Cross Border Transactions Based On Export and Importation.

No, KYC requirements have always been in place and financial institutions have
been taking KYC documents in accordance with the guidelines issued by
respective government agencies(e.g. Central Bank and/or MOF)from time to
time. KYC guidelines in the context of recommendations are made by the
Financial Action Task Force (FATF) on Anti Money Laundering standards and on
Combating Financing of Terrorism and to ensure that the KYC standards are in
line with international benchmarks.

Yes. It is a regulatory and legal requirement. Regulatory: In terms of the
guidelines issued by most governing agencies on Know Your Customer [KYC]
Standards – Anti Money Laundering [AML] Measures, all financial institutions are
required to put in place a comprehensive policy framework covering KYC
Standards and AML Measures. The Prevention of Money Laundering Act (PMLA)
which came into forceglobally also requires Banks, financial institutions and
Intermediaries to ensure that they follow certain minimum standards of KYC and
AML as laid down in the Act and the “rules” framed there under.

KYC will be carried out at the following stages:
Opening a new account or requesting for financial services. Opening a
subsequent account where documents as per current KYC standards not been
submitted. KYC will also be carried out in respect of non-account holders
approaching the bank for high value one-off or multiple transactions.

Your contact point in our institution will be the Relationship Manager or
Authorized Representative and who is in touch with you for your transactions.

We will be entitled to refuse to offer our services (if you are a prospective
customer) or discontinue its relationship with you citing non-providing of KYC
information / documents (if you are an existing customer).
However, for certain categories of customers who are not able to provide the
necessary documents, we are open for consultation and may waiver such
documentations if the reasons are deem valid.