Lesson 4 · Practitioner · Both · 26 min
India Stack vs Global CDD & Travel Rule Intro
CKYC, DigiLocker, Aadhaar eKYC, and PMLA in practice—mapped to FATF-style CDD/EDD and an introduction to the Travel Rule for VASPs and cross-border payments.
Objectives
- ▸Describe India’s reusable KYC infrastructure (CKYC, DigiLocker, Aadhaar eKYC)
- ▸Map local rails to global CDD/EDD expectations
- ▸Explain Travel Rule purpose at a product level
- ▸Identify when local digital KYC still needs bank-grade overlays
India offers shared infrastructure that reduces repeat KYC friction when used lawfully and with consent.
- CKYC (Central KYC): repository where regulated entities can fetch/store KYC records with consent and eligibility.
- DigiLocker: issued documents (Aadhaar XML, PAN, driving licence, etc.) as digitally signed artefacts.
- Aadhaar eKYC / offline eKYC: biometric or OTP-based (subject to current regulatory permissions for the entity type).
- PAN, GSTIN, MCA filings: entity and tax identity triangulation for KYB.
Consent & purpose limitation
Aadhaar and DigiLocker use is tightly regulated. Product copy and API design must reflect lawful purpose, user consent, and data minimization—not ‘collect everything.’
Key terms
CKYCDigiLockerAadhaar eKYCPMLAFATFTravel RuleVASP