Question
In cases where REs are unable to meet Customer Due
Diligence (CDD) requirements due to a customer’s lack of cooperation, what is the recommended action?Solution
If a customer is uncooperative or fails to provide reliable documents, the RE should consider filing an STR with FIU-IND, as this may indicate potential money laundering activities.
More Banking Operations Questions
- Kasavu sarees are traditionally worn in which region of India?
Which ministry recently launched the ‘Capacity Building on Design and Entrepreneurship (CBDE) program?
Which of the following films was directed by Shyam Benegal and is considered a landmark in Indian parallel cinema?
Which organ in the human body is responsible for filtering blood?
- How many fundamental duties were originally enumerated in the 42nd Amendment of the Constitution?
- What title was conferred upon Shah Jahan by Emperor Jahangir after his victories in the Deccan?
Consider the following statements regarding the GDP Deflator as an inflation indicator:
1. The GDP Deflator is considered a broad measure of infl...
- Which vitamin plays an essential role in the blood coagulation process?
Match the following women with their achievements:
- What is commemorated on the United Nations' International Day for the Remembrance of the Slave Trade and its Abolition (August 23rd)?
Relevant for Exams:
