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Commerce · Q538

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 538

Q538

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.
Know Your Customer Norms
B.
Banking Regulation Act
C.
Negotiable Instrument Act
D.
None of the above
Answer

Answer: Option D

Solution

Answer: Option D
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