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.
________ state Menar Bird Village is all set to become a wetland.
How many people have been selected for Padma bhusan award 2023?
The City Union bank has tied up with which of the following insurance companies to provide health and life insurance to its customers?
The “Heart of Haryana” is which of these?
Which component of the environment is an example of an abiotic factor?
Where is the Second G-20 Empower meeting of the Ministry of Women and Child Development being organized?
A New Paradigm of Innovation ‘ AVINYA’ electric vehicle concept is being planned by which of the motor companies?
Which book was written by A.P.J. Abdul Kalam?
The Prime Minister Shri Narendra Modi has inaugurated the ‘Lata Mangeshkar Chowk’ on 28th September, 2022 in the state of ________.
What is the percentage of Scheduled Tribes in the Total Population of Uttar Pradesh?
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