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
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
More Other Laws and Acts Questions
- What is the penalty for acquiring foreign exchange, foreign security, or immovable property outside India exceeding the prescribed threshold under FEMA?
- A employs b to beat C and agree to indemnify him against all consequences of the Act. B there upon beats C and pays damages to C for so doing:
- Section 151 of the Code of Civil Procedure deals with:
- Under Section 22 of the Credit Information Companies (Regulation) Act, 2005, an employee of a fintech company, Y, obtains unauthorised access to credit inf...
- Under which Act the Site Appraisal Committee can be constituted?
- Which of the following is not true about possession as per S.5 of the Specific Relief Act, 1963?
- A company shall have its first annual general meeting, held within a period of ______________ from the date of closing of the first financial year of the c...
- As per Section 15(2) of the Environment (Protection) Act, 1986, if contravention continues beyond what period after conviction, imprisonment may extend to ...
- Prescribed period of Limitation is:
- Which article is referred to as ‘the soul of the Constitution?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt