Q103
One of the major challenges banking industry is facing these days is money laundering. Which of the following acts/ norms are launched by the banks to prevent money laundering in general?
A.
Banking Regulation Act
B.
Know Your Customer Norms
AnswerC.
Negotiable Instrument Act
D.
Narcotics and Psychotropic Substance Act
Answer: Option B
Solution
Answer: Option B
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