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 Gol Gumbad (Gumbaz) of ______is the mausoleum of Muhammad Adil Shah.
What was India's weight in the MSCI All Country World Investable Market Index (ACWI IMI) by the end of August 2024?
What percentage of â‚ą2,000 denomination notes had been returned following the RBI's decision to withdraw them in May 2023?
Decision making in Capital Budgeting requires all information except-
Article 17 of the Constitution of India deals with the abolition of ____.
. _____________ has signed an agreement with India to share tax related information.
Where is the Varaha Cave Temple located?
Which aircraft was used in the trials of the Gaurav Long-Range Glide Bomb (LRGB)?
Recently, where was the first Joint Commanders’ Conference (JCC) held?
Which of the following is not the basic function of the Computer Operating System?
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