The Reserve Bank of India (RBI) has updated Know Your Customer (KYC) norms for politically exposed persons (PEPs) who transact with regulated entities (REs), seeking to comply with the recommendations of intergovernmental organisation Financial Action Task Force (FATF), PEPs are individuals entrusted with prominent public functions by a foreign country, including the heads of states/governments, senior politicians, senior government or judicial or military officers, senior executives of state-owned corporations and important political party officials. REs have the option of establishing a relationship with PEPs (whether as customer or beneficial owner). REs have to perform the regular customer due diligence and also follow additional conditions prescribed by the RBI to transact with PEPs. Some additional conditions include establishing an appropriate risk management system to determine whether the customer or the beneficial owner is a PEP. REs have to take reasonable measures for establishing the source of funds/ wealth. They also need to get approval from senior management to open an account for a PEP.
Who among the following was the court poet of Samudragupta, a ruler of the Gupta Empire?
During which ruler's reign did Pietra dura, the art of inlaying colored stones into marble, gain popularity?
What was the bone of contention between Vijayanagar and the Bahmani Kingdoms?
Which king was the patron of the renowned poet Kalidasa?
Who among the following did NOT belong to the Slave Dynasty?
With reference to the economic history of medieval India, the term 'Araghatta' refers to:
The only known ruler in the history of India to have fixed the prices of different commodities, rigidly enforced Market Control Policy and ensured easy ...
Consider the following statements regarding the Vijayanagar empire:
It was named after the city of Vijaya...
The real founder of the Sultanate of Delhi was?
The Barabar Hill Caves were constructed during the reign of which empire?
