Question
Which of the following conditions must be satisfied for
a Regulated Entity (RE) to rely on third-party customer due diligence (CDD) under RBIās KYC/AML framework?Solution
RBI permits reliance on third-party CDD to reduce duplication, but only under strict safeguards: 1. Immediate access to records: The RE must be able to access customer details without delay. 2. Regulated third party: The third party must be subject to regulation and supervision under the PMLA (Prevention of Money Laundering Act) and related guidelines. 3. Jurisdictional safeguards: The third party must not be located in a high-risk country/jurisdiction identified by FATF. 4. Verification: The RE must independently ensure that identification data and other relevant information are available and authentic. Therefore, the correct answer is All of the above.
How many such pairs of letter are there in the word LEVERAGE, each of which has as many letters between them in the word as in the English alphabet?
If all the number 927483651 are arranged in ascending order from left to right, the position of how many numbers will remain unchanged?
If the consonants of the following words are arranged first, followed by the vowels as per the English alphabetical order and then the consonants are c...
If all the digits of the number '56342893' are written in descending order from left to right, then the position of how many digits remains unchanged?
In a row of letters, a letter is 7th from left end and 15th from the right end. How many letters are there in a row?
How many pairs of letters are there in the word ā PROMPTNESS ā which has as many letters between them in the word as in the English alphabetical ser...
- If in the number '65784953', '1' is added to all the even digits, then, which of the following digit is not repeated in the new number?
In the word āINTELLIGENCEā, the first letter goes to 12th position and 12th goes to 1st, the second goes to 11...
How many pairs of letters are there in the word āCHAMOMILEā which has as many letters between them in the word as in the alphabetical series?Ā
...- If in the word "PENCILS", all the consonants are changed to 3rd preceding and all the vowels are changed to immediately preceding letter as per the English...
Relevant for Exams:
