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Explanation: The recent amendments made to the Prevention of Money Laundering Act have lowered the threshold for beneficial ownership to 10% of shares from the earlier 25%. Reporting entities such as banks and financial institutions are mandated to identify the beneficial owners where the client is acting on behalf of its beneficial owner.
In 2021, what percentage of global greenhouse gas emissions was attributed to the Asia-Pacific region?
What is the notified amount for the RBI's 3-day Variable Rate Repo (VRR) auction scheduled for June 18, 2024?
Which company constructed India's first 3D-printed post office in Cambridge Layout, Bangalore, with technical guidance from IIT Madras, and completed th...
Which Indian state recently launched the 'Ladki Bahin Yojana'?
Why was Rahaab Allana bestowed with the insignia of Officier dans l'Ordre des Arts et des Lettres by the French government?
Under the Pre-matric Scholarships scheme for SC & Others during FY2023-24, how much central share has been released to 7.38 lakh beneficiaries through DBT?
Consider the following statement is/are associated with Bharat Bill Payment System (BBPS)?
I. BBPS is an RBI driven system administe...
Which fruit holds the title of the biggest fruit in the world as of January 2024?
Which Country has been re - elected as Co - President of International Solar Alliance?