Question

The RBI’s Master Direction on KYC was amended in January 2024. Which of the following is a key change in defining Politically Exposed Persons (PEPs)?

A Insertion of a specific explanation for PEPs
B Removal of the term 'PEP' from the Master Direction
C Requirement for enhanced due diligence for all PEPs
D PEPs are excluded from KYC requirements
E Exemption of judicial officers from being considered PEPs
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