General Studies · Know Your Customer (KYC)
Which of the following is NOT a key objective of operational Know Your Customer (KYC) procedures in banks?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Monitoring of accounts for suspicious transaction patterns.
- 2Facilitating fraudulent transactions to conduct audit trail tests.✓
- 3Customer identity verification and risk profiling.
- 4Prevention of money laundering and terrorist financing.
Correct answer
Facilitating fraudulent transactions to conduct audit trail tests.
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