The Indian government is likely to recommend freezing and closure of bank accounts found ' suspicious' during the ongoing exercise by banks to collect detailed information from their customers, reported the Press Trust of India Friday. Banks in both the national and private sector in the country are at present undertaking a one-time exercise to ensure 100 percent compliance of the 'Know Your Customer' (KYC) norm procedures from all customers, said the report, quoting Ministry of Finance sources. The KYC filing includes sharing personal and other details by a bank customer to the respective banks. All the banks have asked their customers to file fresh and updated details to help compile a fresh list of the account holders as instructed by Reserve Bank of India, the country's central bank which is the banking regulator, according to the report. The KYC is mandatorily undertaken by all the banks and is 'a vital procedure adopted by the financial institutions to check money laundering and tackling of terrorist-related financing', according to the report. 