Filling-up AoF

1. Presentation
on
ACCOUNT OPENING

2. 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)

3. COMMON DOCUMENTS FOR ACCOUNT OPENING

4. 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

5. 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

6. 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

7. INTRODUCER
As per KYC
Policy-2013
Who is become a introducer:

8. CUSTOMER PROFF OF ADRESS
As per KYC
Policy-2013

9. 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

10. 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

11. 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

12. 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.

13. 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.

14. 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

15. THANK YOU