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?Ā 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.
Consider the following statements with reference to the socio-economic conditions prevalent in India during the 18th century:
1. Agriculture made...
The Kharsawan massacre in 1948 was a protest against what?
Who said āThe National feelings run right through all the Indian class and that is why you cannot carry on against the will of the peopleā?
The "History of British India" is a three-volume work by ________.
Consider the following statements with reference to Indian National Congress' stand before and during World War -II:
1. Indian National Congress ...
Match the following Indian freedom fighters with their respective movements.
1. Bhagat Singha) Non-Cooperation Movement
2. Subhas Chandra ...
Khudiram Bose, a notable figure in the Indian independence movement, was associated with which presidency during the British era?
Who among the following is known for his work on Medicine during the Gupta period?
Which player has made the record of most sixes in international cricket
With reference to Awadh, Consider the following statements:
1. Saadat Khan was appointed as the governor of Awadh by Mughal Emperor Ahmad Shah....
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