5 years ago in Banking

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
[C] Negotiable Instrument Act
[D] Narcotics and Psychotropic Substance Act
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Answers

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Rukmani
Rukmani - 9 months ago

Rukmani from Noida, India is saying Banking Regulation Act is correct answer

Suhas Gorakhnath Padmalkar
Suhas Gorakhnath Padmalkar - 1 year ago

Suhas Gorakhnath Padmalkar from Pune, India is saying Know Your Customer Norms is correct answer

Shivangi Gupta
Shivangi Gupta - 1 year ago

Shivangi Gupta from Mathura, India is saying Banking Regulation Act is correct answer

Subash koppal
Subash koppal - 1 year ago

Subash koppal from Bengaluru, India is saying Know Your Customer Norms is correct answer

Krishita Jari
Krishita Jari - 1 year ago

Krishita Jari from Ludhiana, India is saying Banking Regulation Act is correct answer

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