General Studies · Anti-Money Laundering
As per the Prevention of Money Laundering Rules and RBI guidelines, what is the threshold for determining the Beneficial Owner (BO) for a company, and who is designated if no natural person is identified?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Controlling ownership interest of more than 10% of shares or capital; if no natural person is identified, the Senior Managing Official of the company is designated as the BO.✓
- 2Controlling ownership interest of more than 15% of shares or capital; if no natural person is identified, the Director of Financial Operations is designated as the BO.
- 3Controlling ownership interest of more than 25% of shares or capital; if no natural person is identified, the largest institutional shareholder is designated as the BO.
- 4Controlling ownership interest of more than 5% of shares or capital; if no natural person is identified, the account must be mandatorily rejected or frozen.
Correct answer
Controlling ownership interest of more than 10% of shares or capital; if no natural person is identified, the Senior Managing Official of the company is designated as the BO.
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