Question
As per RBI’s KYC/AML guidelines on wire transfers, the
term “Beneficiary” refers to:Solution
• In a wire transfer, three parties are usually involved: o Originator – the person/entity initiating the transfer. o Intermediary bank(s) – institutions that process and route the transfer. o Beneficiary – the final recipient of the funds. • According to RBI’s KYC/AML guidelines, the Beneficiary is specifically the natural or legal person identified to receive the amount transferred, as instructed by the originator. • Proper identification of both the originator and the beneficiary is critical to prevent misuse of wire transfers for money laundering or terrorist financing.
Identify the painting technique from Gujarat that utilizes vegetable dyes and castor oil.
A treaty signed by which of the following two countries for transfer of each other’s sentenced prisoners has come into effect with the ratification o...
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A tribal festival called Medaram Jatara will soon get the tag of National Festival. This festival is observed in:
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What does the second R denote in the “RAFTAAR” scheme of the government of India?
Which country became the first to approve a malaria vaccine in 2023?
When is the International Day of Women Judges observed?
If PEOPLE is written as 1122121115, how is DECIDE written in that code?
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