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?
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 confidential
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