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    Question

    According to RBI's KYC Directions, if KYC/AML standards

    differ between RBI and a host country regulator for foreign branches of Indian banks, which standard should be followed?
    A Only the RBI’s standards Correct Answer Incorrect Answer
    B Only the RBI’s standards Correct Answer Incorrect Answer
    C Whichever is less stringent Correct Answer Incorrect Answer
    D The more stringent of the two standards Correct Answer Incorrect Answer
    E The standards set by the bank’s head office Correct Answer Incorrect Answer

    Solution

    RBI mandates that foreign branches or subsidiaries of Indian banks must adhere to the more stringent AML/KYC standards between RBI’s guidelines and the host country’s regulations. This ensures robust compliance and mitigates the risk of money laundering across different jurisdictions.

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