New 55% Off on All Courses - Enroll Now! Click Here

    Question

    A Banking Unit shall follow Know Your Customer norms,

    combating of financing of terrorism and other anti-money laundering requirements, including reporting requirements issued by the ____________.
    A RBI Correct Answer Incorrect Answer
    B SEBI Correct Answer Incorrect Answer
    C IFSCA Correct Answer Incorrect Answer
    D Authority Correct Answer Incorrect Answer
    E Central Government Correct Answer Incorrect Answer

    Solution

    RBI, Explanation: IFSCA (Banking) Regulations, 2020: Rule 14. Know Your Customer and Anti-Money Laundering measures applicable to a Banking unit: A Banking Unit shall follow Know Your Customer norms, combating of financing of terrorism and other anti-money laundering requirements, including reporting requirements issued by the Reserve Bank from time to time, unless otherwise specified by the Authority.

    Practice Next

    Relevant for Exams: