Question

Domestically in India, from which primary legislative enactment do the regulatory Know Your Customer (KY

  • C directions directly derive their legal authority?
A The Banking Regulation Act, 1949
B The Reserve Bank of India Act, 1934
C The Prevention of Money-Laundering Act, 2002 (PMLA)
D The Foreign Exchange Management Act, 1999
E The Companies Act, 2013
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