Question

What is the main purpose of the Central KYC Records Registry (CKYC

  • R in India?
A Maintain KYC records only of non-resident clients
B Act as a central system to digitally store and retrieve KYC records of customers for financial institutions
C Monitor suspicious transactions under the PMLA directly
D Conduct periodic audits of regulated entities (REs) for compliance
E Facilitate fund transfers between banks
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