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
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.
Read the given information carefully and answer the question that follows.
‘B $ C’ means ‘B is the father of C’.
‘B & C’ means...
In expression I @ P % K $ O @ G # N % F, how is P related to F’s sister?
If F & G $ I @ H % J is true then how is F related to J?
How is J related to L if ‘D @ G & J ? M # L’ is true?
If 'X@Y' means 'X is married to Y', 'X#Y' means 'X is mother of Y', 'X$Y' means 'X is sister of Y', 'X%Y' means 'X is brother of Y. If 'L @ M # N @ O #...
If G – I + H, which of the following statement is true?
If U # T & R % Q @ S then how is R related to U?
If A × B means that A is the brother of B, A – B means that A is the sister of B, A + B means that A is the father of B then which of the following e...
If ' S # F % G, R $ N $ G, H % N, P $ S % T' is true, then which among the following statement/statements is/are correct?
Statements:
I...
'A # B' means 'A is the mother of B'.
'A @ B' means 'A is the daughter of B'.
'A & B' means 'B is the husband of A'.
'A % B' means ...
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