Question
What is the purpose of performing Due Diligence by banks
under KYC norms?Solution
Due diligence helps banks understand the nature and background of customers, including their financial standing and intent, helping assess potential credit or fraud risks. It's a key part of the risk-based KYC process.
More Accounts Questions
If sec A + tan A = 3 and sec A - tan A = (1/3), find the value of cos A.
In a right triangle ABC, angle B = 90°. If tan A = 3/4 and the length of the hypotenuse is 25 cm, find the area of the triangle.
- Find the value of sin²10° + sin²80° + cos²15° + cos²75°.
If A lies in the first quadrant and 6 tan A = 5, then the value of 8 sin A−4 cos A / cos A+2 sin A is :
Find the value of tan(75°) using the identity for tan(A+B).
If tanθ = x then find the value of cos 2θ?
Simplify:
8sin 27° sec 63° + 3cot 64° cot 26°
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