Economics · Banking Regulations and KYC
Match the AML-KYC concept in Column A with its corresponding legal/numerical rule in Column B (pertaining to Indian regulations): Column A (AML-KYC Concept)Column B (Legal/Numerical Fact) I. Beneficial Owner (Company)1. Mandatory reporting of all cash transactions over 10 lakh rupees II. Politically Exposed Person (PEP)2. Mandatory approval by Senior Management to open account III. Cash Transaction Report (CTR)3. Individual holding 10 percent or more (per PML Rules) of the shares/capital/profits IV. Prevention of Money Laundering Act4. Statutory basis for KYC/AML framework in India
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I-1, II-4, III-3, IV-2
- 2I-2, II-3, III-4, IV-1
- 3I-4, II-1, III-2, IV-3
- 4I-3, II-2, III-1, IV-4✓
Correct answer
I-3, II-2, III-1, IV-4
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