What Is Extended Kyc: Fill & Download for Free

To capture the essence of the question:Party A wants to pay a bill (Cable, Cell, Utility bill, etc.) for Party B via a phone call.The issue is a bit complex but boils down to "Know You Customer" (KYC) rules that at one point before the 9/11 events was limited to banks and financial companies. Post 9/11 new laws, rules and extended interpretations have extend KYC rules to many large businesses.KYC was designed to show that the individual is verified to be authentic and tied to a Social Security number and address. The premise is to know who the 3rd parties are paying for what are considered basic living expenses. It turns out that some bad actors with intent to harm the US have had sponsors in the past that used this very 3rd party bill payment system. Today KYC is also run against a few databases where known bad actors against the US are blocked from performing certain financial acts.It is very rare that a stolen payment card is used to pay for basic services and living expense since far too much identifying information is at had to share with police organizations for prosecution.I suspect KYC rules will gestate to a wider range of businesses as pressure continues to fully identify all parties to a transaction.

Con conned.As a rule, I mostly do not answer unknown numbers.But that day when the phone rang…Me- Hello.Caller- Hello, is this Khushbu Mehta speaking?Me- Yes, who’s calling?Caller- Madam, I am the bank manager speaking, calling from your bank.Me- Yes Sir, yes sir. Tell me.BM- Madam, your account is about to be blocked.Me- (with panic in my voice) Oh my God!! Why?BM- You haven’t submitted your KYC as yet.Me- (really concerned) What now Sir?BM- Your ATM card will also be blocked, and you won’t be able to withdraw money for six months.Me- (getting hysterical) Oh no, oh no!! Please, Sir, don’t block my account. What will we do without the money? We have about five lakhs in the account. Please Sir, please.BM- Ok, ok. You should have thought about this earlier. But I will tell you what you can do. Get your debit card, and tell me the 16-digit-number on it. I will immediately update it, and your account won’t be blocked.Me- But Sir, the debit card must be with my husband. Can I call you back? I will ask my husband.BM- No, no. Where is your husband?Me- At his office. Sir, I will call you back on this number. Or can you call back?BM- That’s not possible. As soon as I cut this call, your account will be blocked. And I am a bank manager, I don’t have free time to call you again and again.Me- Oh!! Then, what do I do now Sir?BM- We can do another thing. Tell me your Aadhar Card number. That will also do.Me- But, I do not know where my Aadhar Card will be. My husband handles everything. Sir, I will call my husband, and maybe tomorrow morning we can visit the bank and submit the documents.BM- No no, don’t you understand. As soon as I will disconnect this call, your account will be blocked.Me- No Sir, please do something. Don’t block the account. We need the money.BM- Okay. Search for the cards in your house. They must be there. All I can do is keep this call on, while you search. That’s all.Me- Thank you, Sir, I will search now.I then keep the phone down and start searching frantically for the documents. It takes me a while to locate the debit card.Me- Hello Sir?BM- Yes. Did you find any documents?Me- Yes, I found my debit card.BM- Good. Tell me the 16-digit-number on it.Me- Sir, may I ask you something?BM- Of course, go ahead.Me- Sir, you are not that person, right, who fools people in the name of calling from the bank and then withdraws their money.BM- No no. Definitely not. Those people ask for your 4-digit PIN. Never give that away. It’s safe to tell this 16-digit-number.Me- Oh, okay. You know, we read about all the bank scams these days. Frauds calling people, telling them they are from their bank- asking for their ATM PINs and then withdrawing all the money from their accounts. It happens frequently.BM- We do not do such things. I am genuinely calling from your bank, and we are worried about our customer, so we call and inform them if there is any problem with their accounts.Me- Thank you so much, Sir. You have been so kind.BM- That’s nothing. So tell me the number.Me- Sir sir, shall I say one more thing?BM- Yes, please.Me- You know what? I work for a bank. So, go make a fool of someone else. And don’t you dare call again. Buh-bye!!Laughing to myself, I cut the call.Well, I was free that day.Had finished the current book I was reading and didn’t want to start on a new one- still savouring the taste of the last book. No series or movies left interesting enough to watch.Wondering how to pass time till lunch…That’s when my phone rang.Seeing an unknown number, I faltered for a second- but then thought, will as well pass my time talking to someone.Turned out to be the caller’s bad luck.Yes, it was one of that con call, where they ask you for your debit card number, PIN or Aadhar number- just to wipe your account clean of any money.Such people are then difficult to trace.Many innocent persons have fallen prey to such swindlers.I have received many such calls earlier and would disconnect the call- too agitated to argue, thinking how could anyone do this.But, this time it was different.This time I decided to pay them back and have some fun in the process.And what fun I had!!As soon as I heard that he was calling from the bank, I just smiled to myself deciding the fate of his call.The whole conversation was in Hindi, and I assumed an innocent voice all over, panicking in the right places.Also adding my husband- I am not married; just to engage him more in the chat and extend the call.It was great to see him fall for my voice, my words and get conned in turn.I hope he remembers me the next time he tries to fool someone.-Khushbu.

It seems the money you are receiving in UAE from Canada is originating from a Company. In doing so, your bank has possibly flagged this transaction and requires more information about the origination of funds for purposes of extended KYC/AML.SBN is essentially referred to as a Single Business Number, whilst simply referred to as BN.What your bank requires is simply the BN number to identify and make sure the company sending funds is who they say they are.More defintion of BN can be found here: RC2 - The Business Number and Your Canada Revenue Agency Program Accounts