RBI has updated instructions in the Master Direction on Know Your Customer (KYC) related to wire transfers.Under the new rules,domestic wire transfers of _____ and above, where the originator is not an account holder of the ordering RE, shall also be accompanied by originator and beneficiary information as indicated for cross-border wire transfers.
The Reserve Bank has instructed banks and other financial institutions to ensure cross-border as well as domestic wire transfers contain complete information about the originator and beneficiary. The central bank has updated instructions in the Master Direction on Know Your Customer (KYC) related to wire transfers and also aligned the same with the relevant recommendation of the Financial Action Task Force (FATF). Also, domestic wire transfers, where the originator is an account holder of the ordering regulated entity (RE), should be accompanied by originator and beneficiary information, as in the case of cross-border wire transfers. Domestic wire transfers of Rs 50,000 and above, where the originator is not an account holder of the ordering RE, shall also be accompanied by originator and beneficiary information as indicated for cross-border wire transfers. Ordering RE refers to the financial institution which initiates the wire transfer and transfers the funds on behalf of the originator.
Which of the followings is definitely true about
“H @ K % P @ S $ G”?
H is grandson of B, who is not mother of F. G is wife of F, who is father of H. A is mother of D, who is brother of F. How is B related to D?
Z, the son-in-law of K, is the brother-in-law of G who is the brother of D.D is the daughter of K. How is G related to K?
How is I related to H?
How is C related to E?
A and Z are siblings. B has two children and he is son of Y, who is father-in-law of C. C has only one son. Z is not granddaughter of Y. How is A relate...
How is Y related to mother of I?
How is G related to H?
How is G related to M?
How is V related to T?