New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Who is responsible for ensuring compliance with the

    obligations imposed under Chapter IV of the PML Act and for reporting to the Financial Intelligence Unit - India (FIU-IND)?  
    A Chief Financial Officer Correct Answer Incorrect Answer
    B Principal Officer Correct Answer Incorrect Answer
    C Designated Director Correct Answer Incorrect Answer
    D Compliance Officer Correct Answer Incorrect Answer
    E Branch Manager Correct Answer Incorrect Answer

    Solution

     The Designated Director is appointed by the RE to ensure compliance with the PML Act and report to FIU-IND. The Principal Officer handles monitoring and reporting transactions but cannot serve as the Designated Director.   

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