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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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Relevant for Exams:

SIDBI Grade A (Assistant Manager)

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