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? Â 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
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.
Where a person who is in a position to dominate the will of another, enters into a contract with him, and the transaction appears, on the face of it or ...
When Court refers parties to suit for settlement of dispute under Section 89 of the code of Civil Procedure, the plaintiff is :
Adult suffrage means-
What constitutes an assault under the Bharatiya Nyaya Sanhita?
Under the Biological Diversity Act, 2002, who is responsible for granting approval for access to biological resources for commercial use?
As per the Specific Relief Act when can section 8 of the Act be invoked ___
Which statement best describes a temporary injunction?
Under the provisions of The Rajasthan Rent Control Act, 2001, which of the following is not a requisite regarding inspection of a rented premise?
Who has power to reduce or remit court fee under Court Fee Act, 1870?
What can a Head of Department do to avoid punishment if their department violates the Act?
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