General Studies · KYC/AML Norms
Which of the following is the key risk factor that automatically mandates the risk categorization of a customer's account as 'High Risk' under RBI's KYC/AML guidelines?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The customer is classified as a Politically Exposed Person (PEP) or a close associate of a PEP.✓
- 2The customer has frequent cash transactions exceeding the prescribed limit of 10 lakh rupees.
- 3The customer is a non-resident individual (NRI) or a foreign national.
- 4The customer's total deposit balance exceeds 10 lakh rupees.
Correct answer
The customer is classified as a Politically Exposed Person (PEP) or a close associate of a PEP.
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