Question
Which of the following obligations are laid down by
Section 12 of Prevention of Money Laundering Act 2002 on banking companies, financial institutions and intermediaries? I. maintain a record of all transactions II. maintain record of documents evidencing identity of its clients and beneficial owners III. Keep all the information maintained or furnished as confidentialSolution
Explanation: Section 12 of Prevention of Money Laundering Act: 1) Every reporting entity shall: (a) maintain a record of all transactions, including information relating to transactions covered under clause (b), in such manner as to enable it to reconstruct individual transactions; (b) furnish to the Director within such time as may be prescribed, information relating to such transactions, whether attempted or executed, the nature and value of which may be prescribed; (e) maintain record of documents evidencing identity of its clients and beneficial owners as well as account files and business correspondence relating to its clients.
The following question has two blanks, each blank indicating that something has been omitted. Choose the set of words for each blank that best fits in ...
In each question below, two sentences are given with one blank each. Choose the option which contains the word that fits in both sentences, making them...
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Recent history casts a remarkably sobering light on how much politicians can count on __________ arguments to hold sway over popular sentiment.
Each sentence given below has a blank. Choose the most appropriate word from the options that best fits the context of the sentence.
A practica...
- Fill in the blanks:
The artist was __________ for his __________ imagination and unique style. I.The air was so still that there was hardly a ………. on the pond’s surface.
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The most effective measure to keep roads safe is _________ of rules with zero tolerance to violations.
(A) fulfilment
(B) enforcement
...Which conjunction can be used for this sentence?
____________ we have cable, we get a wonderfully crisp picture, even on our old TV.
Choose the correct alternative.
______ of the data collected from the damaged hard drive was useful for the investigation.
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