Multiple choice

KYC guidelines have been issued by RBI under which of the following?

  1. Banking Regulation Act

  2. Companies Act

  3. RBI Act

  4. PMLA

  5. None of the above

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

This master circular aims at consolidating all the instructions/guidelines issued by RBI on Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating Financing of Terrorism (CFT)/Obligations of banks under PMLA, 2002.