📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      According to the circular on KYC amendments, politically

      exposed persons (PEPs) fall under enhanced due diligence requirements. Which of the following is not included in the definition of PEP?
      A Senior politicians Correct Answer Incorrect Answer
      B Senior government officers Correct Answer Incorrect Answer
      C Judicial officials Correct Answer Incorrect Answer
      D Executives of state-owned corporations Correct Answer Incorrect Answer
      E Private company executives Correct Answer Incorrect Answer

      Solution

      The "Master Direction on KYC" defines PEPs to include senior politicians, senior government officials, judicial officers, and executives of state-owned corporations but does not include private company executives.

      Practice Next
      ask-question