DoT issued advisory on KYC updation to prevent KYC frauds

Nov 30, 2023 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Department of Telecommunications (DoT) on November 23, 2023, issued the Advisory on KYC updation to prevent KYC fraud.

The following has been stated namely: -

• It is requested to issue the undermentioned advisory on the KYC updation to telecom customers through various channels i.e. SMS &/or email:

“Never respond to emails/embedded links in messages/calls asking your User ID/password/debit card number/PIN/CVV/OTP etc. to update or verify KYC documents. Passwords/PIN be changed immediately in case the same has been shared or when in doubt.”

• It is requested to submit an action taken report within 15 days of the receipt of the letter on the subject matter.

 

[Notification No. 5-2/2019/UDS/PG]


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