When Unique Customer IDs are Not Really Unique, Bank Customers Are Inevitable Victims

Would it surprise you to know that banks still do not have unique customer IDs allocated to every customer, 11 years after the Reserve Bank of India (RBI) directed them to do so? Or that banks, sometimes, allot more than one UCIC, defeating the very purpose of the anti-money laundering rules? Listen to this week's episode as Sucheta Dalal investigates.

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